Companies across sectors are positive about business and recruitment in the first half of this fiscal year and the smaller cities will face the greener side of hiring, staffing solutions company TeamLease Services said today.
According to the TeamLease Services April-September FY`14 Employment Outlook Report, there is a 4 percent rise in the employment outlook index to 79 when compared to the previous half year (October 2012 to March 2013), when it stood at 75.
The net employment outlook is the difference in the proportion of respondents reporting an increase in hiring needs and those reporting a decrease.
Commenting on the report, TeamLease Services Senior Vice- President & Co-Founder Sangeeta Lala said: "It is surprising that despite the economic downturn, the job market this half year shows a positive outlook in almost all the major sectors."
The business outlook too has grown by 2 percent when compared to the previous half year (October-March 2013). Hiring in Tier-I cities will see a marginal increase of 1 per cent in the April-September period, while recruitment for Tier II & III cities, are likely to register a 4 per cent rise, the report said.
"Tier-II cities are emerging as hiring grounds for cost effective talent, giving the mid level companies an opportunity to boost their employee base. Companies will also face new challenges for retaining the top level talent and calibrating the wrongly hired talent in the past," Lala said.