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.
With the fourth and final cluster for summer internship closing on Friday evening, the entire first year batch of 379 students at the Indian Institute of Management-Ahmedabad (IIM-A) got placed with internship offers, an official said here. More than 20 companies conducted interviews in Cluster 4 held on Friday, which included Tata Steel, Aviva Insurance and Samsonite, according to an IIM-A release. The first cluster was held on November 11. Tata Steel made the highest number of offers for the Post-Graduate Diploma (PGP) summer placement for 2011-12, Prof Saral Mukherjee, Placement Chairperson, said. More than 115 recruiters visited the Institute to hire summer interns in four clusters this year, as against 102 last year. In accordance with the Indian Placement Reporting Standards (IPRS), the IIM-A will publish audited report for summer placements of PGP and PGP-AGM program.