Job prospects brightest in telecom
There is a decrease in index points of ITeS (with 76 points) and manufacturing and engineering (with 63 points). Tips to manage your workplace
By TNN |
BANGALORE: The employment outlook for the April-June 2008 quarter has seen an overall decline primarily due to uncertain economic conditions, according to a study by staffing company Teamlease. The net employment outlook index for the quarter stands at 74 index points, which is a decrease of 6 index points from the previous quarter. The overall business outlook index for the coming quarter is at 70 index points, 9 index points lower when compared to the previous quarter.
Among the sectors covered, there is a decrease in index points of ITeS (with 76 points) and manufacturing and engineering (with 63 points). There has been a considerable increase in index points of infrastructure (with 90 points). Telecom sector (with 93 points) has the highest index points.
���The not-so-positive pointers in the market ��� right from the dollar depreciation, subprime fiasco, followed by the US recession and finally the Indian bourses down ��� have definitely impacted the employment growth in the past few months. The IT & ITeS sector is the worst hit; with the US economy conundrum having an implication on hiring sentiments with a wait-and-watch approach in India.
The current financial market has influenced the not-so-optimistic business outlook over the next quarter, which has had implication in the engineering sector. However, the India growth story, fundamentally well-grounded, has encouraged hiring plans by the retail, FMCG, telecom and insurance sectors,��� TeamLease Services vice-president Sampath Shetty.
Among the sectors covered, there is a decrease in index points of ITeS (with 76 points) and manufacturing and engineering (with 63 points). There has been a considerable increase in index points of infrastructure (with 90 points). Telecom sector (with 93 points) has the highest index points.
���The not-so-positive pointers in the market ��� right from the dollar depreciation, subprime fiasco, followed by the US recession and finally the Indian bourses down ��� have definitely impacted the employment growth in the past few months. The IT & ITeS sector is the worst hit; with the US economy conundrum having an implication on hiring sentiments with a wait-and-watch approach in India.
The current financial market has influenced the not-so-optimistic business outlook over the next quarter, which has had implication in the engineering sector. However, the India growth story, fundamentally well-grounded, has encouraged hiring plans by the retail, FMCG, telecom and insurance sectors,��� TeamLease Services vice-president Sampath Shetty.
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Among the cities, the employment outlook is positive in Mumbai, Delhi and Pune while there is a decline in index points of Bangalore, Chennai, Hyderabad, Kolkata and Ahmedabad, according to the report. The hiring trend in Class-I cities are increasing; whereas in Metros, it is decreasing. Marginal preference is for hiring from Class- II, Class-III and rural areas.
The report also suggests that the intention to hire across all managerial levels is gradually on the rise. During the past three months, the attrition rate across Chennai and Bangalore was greater than 19%. During the past one year period, the attrition rate was highest in Chennai.
���With the new fiscal year setting in, business confidence looks grim, especially in the IT & ITeS front. At this stage, the challenge for organisations would be to consolidate their resources to optimal productivity,��� Mr Shetty said.
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