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Junior level hiring to see big boost in Jan-Mar, shows Teamlease survey

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The Economic Times
07th January, 2021 11:38 IST

Junior level hiring is likely to see a substantial boost in the Jan-Mar quarter on the back of many establishments getting back on their feet, according to a Teamlease survey.

According to the Teamlease Employment Outlook survey 25% companies showed hiring intent for junior level in the fourth quarter of the 2020-21 financial year, up from 18% in Oct-Dec. Hiring for entry level is likely to reduce after having peaked in the previous quarter. Employers are likely to prefer experienced hands as mid-level hiring intent improved to 24% in Q4 from 20% in Q3, the survey shared exclusively with ET showed.

“There is an interesting oscillation of mood in employers between the fear of a second wave of the pandemic and the anticipation of a vaccine which has made employers cautious, and sectors, least impacted by the first wave, continue to have more favourable outlook,” said Rituparna Chakraborty, executive vice president, Teamlease Services.

“Metro and Tier-1 cities – which showed high intent to hire at 32% - are likely to gain from the optimism with increased hiring in sales, information technology and marketing functions,” she added. Hiring intent for tier 2 cities was at 21% and tier 3 at 16%.

Hiring intent was strong for blue collar executives with 40% companies showing recruitment plans.

The survey covered 815 small, medium and large companies across 21 sectors. The intent to hire metric measures the proportion of companies planning to recruit in a quarter.

Healthcare and other essential sectors such as FMCG and retail, as well as technology intensive sectors such as education, e-commerce and technology start-ups and information technology are expected to scale hiring. Other notable sectors that showed improvement in intent to hire include knowledge process outsourcing (KPOs), agro and agrochemicals, logistics, power and energy.

Cities that showed high intent to hire include Bangalore (39%), Delhi (33%), Hyderabad (29%), Chandigarh (28%), Mumbai (27%), Ahmedabad (23%), Kolkata (21%) and Chennai (20%). Cities such as Pune (19%), Gurgaon (18%) and Coimbatore (15%) showed moderate intent to hire.

According to the survey large businesses showed a stronger hiring intent at 34% compared to small and medium companies at 19%.

According to the survey, factors such as apprehensions about a second Covid wave, labour exit from the workforce, and continued stringency of lockdowns are likely to depress global labour markets during Q4. There was a drop in intent to hire in the Middle East (9%), Africa & Europe (8%), Americas (7%), while the APAC region showed a gain in intent to hire at 16%.

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