Economic recovery pushes hiring intent

Job seekers can expect better days ahead as India Inc’s ‘intent to hire’ in July-September marks its most elevated level in the previous 15 months, as indicated by a study of 700 small, medium and large organizations across 21 sectors.

The most recent TeamLease Employment Outlook Report, shared only with ET, showed that 38% of the organizations survey intend to hire in this quarter, up from 34% in April-June, despite fears of a potential third wave of the Covid-19 pandemic. The numbers had plummeted to their lowest last year to an average of 18% in the two successive quarters to September.

“There is a recuperation in the plan to hire across all segments, as individuals are gradually coming out from the effect of the second wave and planning for the future,” said Rituparna Chakraborty, chief VP, TeamLease Services. “Organizations are careful however they are adding manpower for future growth.”

Chief executives and economists ET spoke with said a combination of factors, like facilitating of limitations, uptick in consumption and rise in economic activity, are driving both white-and blue collar employment geenration.