TeamLease Services on Tuesday releases its Employment Outlook Report for Q4 (January to March, 2023) for the services sector.
A comprehensive analysis of the hiring trends across industries, functions and regions, the report indicates that India is leading with the highest hiring intent despite the ongoing global inflation.
Around 77 per cent employers (as compared to 73% in Q3) are keen to increase their resource pool in the services sector. However, in comparison to Q4 2021, intent to hire has risen by 27 per cent.
Overall, across services and manufacturing sectors, an average of 68 per cent employers (65% in Q3) have expressed a strong hiring sentiment.
For candidates who are looking to secure job opportunities in the services segment, some of the key sectors leading the hiring spree are Ecommerce (98%), Telecommunications (94%), Educational services (93%), Financial Services (88%), Retail (85%) and Logistics (81%).
Sharing his views about the industry and the report’s findings, Mayur Taday, Chief Business Officer, TeamLease Services, said, “The ongoing global turmoil with mass layoffs, hiring freeze, and impending recession has significantly affected the services sector globally, especially the IT industry. However, the sentiment in India continues to be on an upward trajectory."
The 8.7 per cent GDP in FY 2021-22 and a surplus of public investment schemes, are projected to further stimulate employment growth.