These three months are going to be good for people looking for new jobs. More companies are looking to recruit in the December quarter than in September. This has been revealed from TeamLease’s recent Employment Outlook report. In fact, companies have adapted themselves to the difficult situation created by Covid.
41% companies looking to recruit in December quarter
Of all the companies that TeamLease surveyed for hiring, 41% are looking at hiring in the December quarter. In the September quarter, 38% of companies had expressed intent to hire. Compared to an average of 18% in the June and September quarters last year.
Enthusiasm in companies ranging
The good thing is that apart from the metro and tier 1 cities. Companies in tier 2 and 3 cities are also taking more interest in recruitment due to better consumer sentiment. Saugata Gupta, CEO and MD, Marico, says, “Some companies in the high-growth sector will try to move to the pre-retrenchment level and some will recruit new ones. Startups and new-age companies have received a lot of funds this year.
Expanding team this quarter
IT, FMCG, educational services, eCommerce and tech startups, telecom, manufacturing, engineering, and infrastructure. Besides construction and real estate companies, are showing the most interest in recruiting this quarter. According to the survey, companies in sectors like travel and hospitality.
Economic activity with vaccination
TeamLease included 650 small, medium, and large companies in 21 sectors in its survey. It has been found in this survey report that due to the increase in vaccination, the opening of offices, as well as increasing demand and economic activity, the enthusiasm of companies of every sector, industry, size, has increased.
Rituparna Chakraborty, executive vice-president, TeamLease Services, says, “There has been an increase in white-collar (mind work) and blue-collar (physical work) jobs in both villages and cities. It seems that companies are no longer worried about having a big problem with Covid. She seems more confident about hiring for business growth.
Government’s focus shifting from lockdown
CEOs, economists, and HR heads of companies say that the shift of the government’s focus from lockdown to vaccination is helping companies to start recruitment. Companies are feeling relieved due to the steady reduction in infections for the past few weeks and the combination of both. Apart from office and work from home, is helping them in recruiting.
Top bosses of companies are counting on positive factors such as signs of solid economic growth, production-linked incentive schemes (PLIs announced for some industries), increased expectations of improvement in rural areas, and a spurt in the activity of the services sector with physical contact. The huge demand for talent in some sectors, spurt in the stock market, GST collection data, and revival in the services sector are also supporting the hiring sentiment.