Driven by growth in IT, e-commerce, FMCG and other allied sectors, Bangalore emerged as the top city with highest rental intent in the second quarter, followed by Chennai and Mumbai, according to a report.
In the July-September quarter, according to TeamLease’s Employment Outlook Report, 95% of employers expressed an intention to hire more, compared with 91% in the fourth-June quarter.
From an all-India point of view, 61% of the surveyed employers want to hire during this period, up 7 percentage points from the previous quarter.
In Bangalore, both the manufacturing and service sectors showed positive hiring intentions, the report states.
In the manufacturing sector, the leading sectors are FMCG (48%), healthcare and pharmaceuticals (43%), manufacturing, engineering and infrastructure (38%), energy and energy ( 34%) and agriculture and agrochemicals (30% cents), it revealed.
From a service industry perspective, the leading industries include information technology (97%), e-commerce and allied startups (85%), educational services (70%), telecommunications (60%), retail (64%) and financial services (55%), it added.
“Over the past decade, Bangalore as a market has seen exponential growth across industries, especially with the emergence of many new age internet based companies providing offer different value products and services. This positive growth driver has resulted in a wide range of employment opportunities across roles and sectors.
TeamLease Services Sales Manager Mahesh Bhatt said: “Many employers want to increase their resources and also tend to pay higher remuneration. In fact, in the coming quarters, hiring intent will be 97%”.
The TeamLease Employment Outlook Report is a comprehensive recruitment outlook report that reflects the hiring sentiment of more than 865 employers across 14 cities and 23 sectors in India.
This report gives ‘Rent Intent’ statistics for Q2, 2022-23 (July to September 2022) on the basis of survey and analysis conducted during April and May 2022.
Meanwhile, the report revealed that Chennai was the second top city for hiring intent in the second quarter of this financial year, with 87% of employers wanting to hire compared to 78% in the April-to-April quarter. June.
Mumbai showed rental intent increased 7 percentage points to 83% in the second quarter from 76% in the previous quarter.
Of the 23 sectors considered, the majority showed positive intent to hire in Mumbai, the report said.
FMCG (59%), manufacturing, engineering and infrastructure (54%), energy and energy (54%), healthcare and pharmaceuticals (40%), agriculture and agrochemicals (32%) and FMCD (32%) ) are leading in the manufacturing segment.
In the services sector, IT (81%), financial services (80%), telecommunications (76%), e-commerce and allied startups (69%). with job seekers. . PTI SM MR
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