The financial services and infrastructure sectors are expected to register maximum growth, both in terms of hiring prospects and business outlook, states the fourth quarterly employment outlook report for July-September 2007 by TeamLease Services Pvt Ltd.
The report suggests a two percentage point increase in net employment from 82 per cent in April-June 2007 to 84 per cent in the current quarter.
The highest net employment growth rate of 5 per cent plus is expected in the financial sector followed by the information technology-enabled services segment, which is likely to reflect a growth rate of 2 per cent plus from the previous quarter.
According to the report, IT will continue to be the largest generator of employment in Bangalore, Pune and Hyderabad, while ITeS will be the largest contributor in New Delhi and Hyderabad.
While the manufacturing and engineering sectors will generate major employment opportunities in Chennai and Pune, the financial services segment will be the major contributor in Mumbai and Kolkata.
New Delhi, which had been consistently negative in its employment growth, will witness a sharp 5 per cent increase this quarter, states the report.
It points out that the hiring spree will continue to remain high in the marketing and IT function sectors.
However, retail, media and fast moving consumer goods continue to remain at a 12 point constant as compared to the previous quarter, observes the report.
Almost 95 per cent of the companies have expressed considerable intention to hire at junior level. However, recruitment at the senior level is expected to decrease in July-September 2007 as compared to the last quarter, the report says.
"New establishments being set up in the service and manufacturing sectors is a reflection of multi-national companies continuing to be bullish about the India story and the Indian consumer," said Sampath Shetty, vice-president, TeamLease Services Pvt Ltd.
© 2025