There was a marked dip in hiring across major cities and sectors during the October-December quarter, says a Teamlease survey.
Delhi and Bangalore saw the maximum dip in hiring sentiment, by 9 points, while Pune and Chennai dropped by 8 and 7 points, respectively, the Employment Outlook Report for October-December 2011 by the human resource supply company, released on Friday said.
Among sectors, information technology “has pressed the panic button with a 7-point drop in employment sentiment and an 8-point drop in business sentiment,” says the survey.
In fact, six out of eight sectors reported negative growth in the index, with IT, ITeS and telecom experiencing sharpest drops compared with the previous quarter. Financial services and infrastructure marginally improved.
“Though the employment index has witnessed a dip, we are hopeful that this is only temporary. All the sectors are growing, though at a slower rate, and hence employees want to hold on to their jobs preferring stability,” Ms Sangeeta Lala, Senior Vice President, TeamLease Services, said in a release.
The company releases its employment outlook every quarter after a survey conducted with HR managers and senior managements of leading companies. This survey covered 620 companies, focusing on the employment growth potential, the business outlook and hiring forecasts, the release added.