Job seekers have something to cheer about as companies plan to increase hiring this fiscal year, reversing the trend of the past two years. A survey has revealed a significant increase in the number of employers who expect to hire in the first half of this financial year amid positive sentiment generated by healthy economic growth.
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“There has been an increase of four percentage points in the net employment outlook to 95%, compared to 91% for the preceding half-yearly period, October-March 2017-18,” according to the TeamLease Employment Outlook Report for April-September 2018-19, which has been reported by the Economic Times. The last time it hit a 95% mark was in October-March 2016-17.
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The sectors expected to take a lead in hiring includes retail, business process outsourcing (BPO), IT-enabled services (ITeS), fast-moving construction goods (FMCG), construction and real estate, and media and entertainment.
In the survey – conducted by the human resource services company among 695 small, medium and large companies across 16 sectors – 96% companies responded positively (saying hiring would increase from the previous half-year) while 1% responded negatively (saying hiring would decrease from the previous half-year) and 3% said there would not be any change in the volume of hiring from the previous half-year, the newspaper said.
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