Media, retail, FMCG to hog hiring limelight

BANGALORE: If you are an IT/ITeS sector wannabe, please take a back seat. That’s because retail, media, FMCG, infrastructure, manufacturing and engineering sectors are what’s hot in the coming three months (April-June 2007) when it comes to hiring.

According to staffing major TeamLease’s Employment Outlook Survey, retail, media & FMCG has seen a net increase/decrease of +8 in employment outlook growth (sector wise) at 86 points compared to the previous quarter (January-March 2007) while infrastructure saw a net increase/decrease of +7 at 78 points and manufacturing/engineering saw net increase/decrease of +2 at 73 points for quarter 3 (April-June 2007).

The survey notes that the net increase/decrease in employment outlook growth in IT sector has dropped 2 points from 89 to 87 while ITES decreased by 5 points to 85 from 90 and financial services by 1 point to 84 .

``We expect to see increase in rural hiring owing to banking and financial services making inroads in to these markets. The BFSI, infrastructure, retail and manufacturing have the maximum opportunities across skill sets which are witnessing major hiring in the junior to mid-level management,’’ says Sampath Shetty, vice-president, TeamLease Services.

The survey for Q3 says that there is market stabilization happening both in terms of employment and business outlook for the current quarter. The net employment outlook, which remained constant at 81 index points over quarter one and two, has increased by 1% in the current period.

While the sharp 6% increase in the business outlook in quarter two has decreased by 1% to stabilize at 90 index points. Coming to the city-wise parameter, the sharpest net increase in employment outlook growth since last quarter has been in Chennai at 19% followed by Kolkata at 7%, Bangalore and Ahmedabad at 4%.