Winning Bizness Desk
Mumbai. Companies are looking to hire more employees in the July-September quarter amid improved business sentiment on increased public investment in production-linked incentive (PLI) schemes. TeamLease's employment outlook report said that new hiring intent of companies has increased by 7 per cent to 61 per cent in the current quarter as compared to the April-June quarter. In the last quarter, the intention to recruit new recruits was at 54 percentage points.
Survey conducted among about 900 companies
The findings were based on a survey conducted among about 900 small, medium and large companies located in 14 cities across the country. According to the report, it has seen an increase of seven percentage points in metros and tier-1 cities. It has increased from 81 percentage points in the first quarter of the current financial year to 89 percentage points in the second quarter.
Tier II cities to lead the recruitment
Whereas in tier II cities, the intent for new recruits increased by 7 per cent to 62 percentage points, while for tier III cities, it increased by 3 percentage points to 37 percentage points. According to the report, there has been an increase of two percent in the intention of making new recruitments in rural and urban areas as well.
Delhi leads in region-wise perspective
From a region-wise perspective, Delhi leads in manufacturing with the highest recruitment potential at 72 per cent, while Mumbai (59 per cent) and Chennai (55 per cent) are at the second and third positions. In terms of services, Bengaluru's highest 97 percent companies have expressed their intention to recruit in the July-September quarter. It is followed by Mumbai (81 percent) and Delhi (68 percent).
Business environment improving
Rituparna Chakraborty, Executive Director and Co-Founder, TeamLease, said the overall business environment is improving and more companies are now planning to recruit new hires. “Prospects have improved with increasing public investment in PLI schemes. Intention to recruit fresh recruits is not only improving, but it is also likely to cross the 70 per cent mark in the next few quarters.