As the financial year draws to a close, hiring may dip across major cities, except in Delhi. In fact, the drop may be sharpest (by up to 10 points) in financial and IT hubs such as Mumbai, Bangalore and Pune during the January-March quarter, says the Employment Outlook Survey by staffing company Teamlease Services. “We expect growth, especially in the IT sector, as far as hiring is concerned, though the overall response by corporate heads is a dull quarter. Our assessment is that corporates would prefer to exercise caution in hiring than lay off employees,” said Ms Sangeeta Lala, Senior Vice-President and Co-Founder, heading the Permanent and Temporary Hiring Business of TeamLease. In Bangalore, Mumbai and Pune the dip in hiring sentiment was seen across sectors, with attrition rates also marginally higher than in the last quarter.
Source: Business Line