B'lore favourite destination for jobseekers: TeamLease

BANGALORE: When it comes to hiring in India, Bangalore is the place to be, it seems. The city remains the favourite destination for jobseekers, with a sharp 7% net increase in hiring outlook for the January-March quarter over the previous quarter, according to staffing major TeamLease. And obviously, hiring in the Silicon City of India is led by IT and ITeS sectors.

The city has a net employment outlook of 90 index points in the Jan-March quarter, compared to 83 points in the October-December period. According to the TeamLease Employment Outlook Report, Mumbai is expected to see the second highest hiring growth in the current quarter with index points touching 90 while Delhi follows with 88 index points. Net employment will see an increase in Hyderabad and Pune by 4% and 2% respectively.

Net employment outlook is derived in percentages as the difference in the proportion of respondents reporting an increase in hiring needs and those who report a decline in hiring needs over the next three months.

According to TeamLease Services, there is a sharp 6% increase in the business outlook for the January-March period over last quarter, with the current index point touching 91. The overall employment outlook for the quarter remains consistent at 81 index points.

The company said that the sharpest net increase in business outlook growth over last quarter has been in Kolkata at 13%, followed by Pune at 9%, Ahmedabad 8%, Chennai at 7%, Hyderabad and Delhi at 6%. ITeS continues to be bullish with a sharp increase of 11% in hiring outlook over last quarter.