An increase in consumer spending will boost hiring, according to TeamLease Employment Outlook Report which says the hiring outlook has registered a 4% growth. As per the report, e-commerce and tech startups alone would be the biggest contributors (23.6% growth in jobs during April-September 2016) to net addition of jobs.
Indicating a positive employment sentiment across industries, the report said 6 out of the 9 sectors which were studied for the report have expressed interest in hiring. While there was an increase in intent talent in FMCG, telecom and e-commerce & startup , manufacturing and engineering and infrastructure appear to be bearing the brunt of a negative sentiment created by the slow progress of the 'Make in India' initiative.
The report said on the functional front, sales, IT and blue collar profiles will benefit substantially from the net positive sentiment. The rush to acquire driving and delivery skills is said to be boosting the blue collar jobs tremendously. The profile will witness a 9% increase in demand, as per the report.
Kunal Sen, senior VP, TeamLease Services said, " Make in India initiative which was the critical driver of employment sentiment over the past couple of half years seems to be losing its sheen. In fact, the job market is maturing and giving way to business growth leading hiring. We are confident the buoyancy created will stabilise the market and lead to job creation."
City wise, except for Kolkata and Ahmedabad, most of the cities ooze exuberance. With a 3 point increase in outlook, Pune and Chennai are on the top of the list.
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