homeeducation NewsTeamLease report shows positive hiring sentiments across manufacturing, service sectors for Q4

TeamLease report shows positive hiring sentiments across manufacturing, service sectors for Q4

TeamLease report shows positive hiring sentiments across manufacturing, service sectors for Q4
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By CNBCTV18.com Dec 27, 2022 5:01:42 PM IST (Updated)

Mumbai is showing the highest intent to hire at 97 percent, followed by Bengaluru at 94 percent, Chennai at 89 percent, Delhi at 84 percent and Pune at 73 percent. 

India's manufacturing sector is showing a positive hiring sentiment as 60 percent of employers are aiming at hiring and expanding their resource pool in the fourth quarter of this fiscal year, according to TeamLease's 'Employment Outlook Report'.

"The positive hiring sentiment is attributed to large scale enterprises (69 percent), followed by medium (44 percent) and small (39 percent) businesses. The overall intent to hire for both the manufacturing and services sectors combined has grown from 65 percent in the third quarter to 68 percent in the fourth quarter," TeamLease said in a statement.
The reports findings state that the intent to hire is more in metro and tier 1 cities at 94 percent, while in tier 2 and 3 cities it is 73 percent and 43 percent respectively, and 23 percent in the rural sector.
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