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Hiring sentiment for services sector stands strong for Q4: Report

Overall, across services and manufacturing sectors, an average of 68 per cent employers (65 per cent in the third quarter) have expressed a strong hiring sentiment

Source | economictimes.indiatimes.com | PTI

Hiring sentiment for the services sector in India stands strong for the fourth quarter of this financial year as 77 per cent of the employers interviewed said they are keen to hire, according to a report. This compares with 73 per cent in the previous quarter who said they were keen to increase their resource pool in the services segment, according to TeamLease Services ‘Employment Outlook Report’ for Q4 (January to March, 2023) for the services sector.

However, in comparison to the fourth quarter of 2021, intent to hire has gone up by 27 per cent, the report stated.

Overall, across services and manufacturing sectors, an average of 68 per cent employers (65 per cent in the third quarter) have expressed a strong hiring sentiment.

According to the report findings, the fourth quarter is projecting a strong outlook, especially for fresh graduates and entry-level employees, with 79 per cent employers (74 per cent in Q3) willing to hire from this cohort.

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Source
economictimes.indiatimes.com
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