Employers lift freeze, start hiring
Employers have started coming out of their bunkers after a long hibernation and lifting the freeze on hiring. Cos hiring I 2nd innings at workplace | Cash in on your contacts
By TNN |
BANGALORE: Jobs are slowly returning. Employers have started coming out of their bunkers after a long hibernation and lifting the freeze on hiring.Arecoverywas visible in July and it became more pronounced during August-September.
Ashok Reddy, MD of staffing firm TeamLease, says the rise in the stockmarket, the improvement in FII and FDI flows and the improvement in themonsoon situation have positively impacted sentiments in industry. Many employers are now back in touchwith their third party headhunters.
There is also a slight improvement in the recruitment ad space. The active job position numbers in TeamLease too are indicative: the firm used to handle as many as 10,000 active jobs a month before themarket crash last year. By June this year, it had dropped to 800 non-active positions. But now again it is up at 3,500 active positions.
Zubin Shroff,MDof TalentManagement Group, says that a comparison of hiring figures for June and August done by his company on behalf of others shows a 200%increase.
Tier I tech firms TCS, Infosys and Wipro, who had frozen hiring, have started hiring in small numbers. Hiring is also picking up among IBM, HP, Accenture and at Yahoo, Google, Microsoft and Amazon. Hiring for the domestic market seems to be bouncing back faster than in other categories. BPOs are yet to get back to the hiring mode.
Ashok Reddy, MD of staffing firm TeamLease, says the rise in the stockmarket, the improvement in FII and FDI flows and the improvement in themonsoon situation have positively impacted sentiments in industry. Many employers are now back in touchwith their third party headhunters.
There is also a slight improvement in the recruitment ad space. The active job position numbers in TeamLease too are indicative: the firm used to handle as many as 10,000 active jobs a month before themarket crash last year. By June this year, it had dropped to 800 non-active positions. But now again it is up at 3,500 active positions.
Zubin Shroff,MDof TalentManagement Group, says that a comparison of hiring figures for June and August done by his company on behalf of others shows a 200%increase.
Tier I tech firms TCS, Infosys and Wipro, who had frozen hiring, have started hiring in small numbers. Hiring is also picking up among IBM, HP, Accenture and at Yahoo, Google, Microsoft and Amazon. Hiring for the domestic market seems to be bouncing back faster than in other categories. BPOs are yet to get back to the hiring mode.
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