E-commerce and tech startups are likely to dominate hiring landscape in the coming months as the sector is likely to witness a 23.6 per cent growth in jobs during April-September, says the TeamLease Employment Outlook Report.
According to the report, the increase in consumer spending and the renewed focus on market expansion will have a positive impact on hiring.
However, manufacturing and engineering and infrastructure seem to be bearing the brunt of negative sentiment created by the slow progress of Make in India initiative.
On the functional front, sales, IT and blue collar profiles will benefit substantially from the net positive sentiment. The rush to acquire driving and delivery skills seems to be boosting the demand for blue collar jobs.
“Make in India initiative which was the critical driver of employment sentiment over the past couple of half years seems to be losing its sheen. In fact, the job market is maturing and giving way to business growth leading hiring. We are confident the buoyancy created will stabilise the market and lead to job creation,” TeamLease Services Senior Vice President Kunal Sen was quoted by PTI as saying.
Hiring is largely clustered in metros and Tier I cities. In terms of cities, except for Kolkata and Ahmedabad, most of the cities reported positive job outlook.
Tier II and III cities are also expected to contribute to the optimism as consumer spending in organised retail chains and e-commerce in these geographies are picking up steam.
The study covered nine key industry verticals namely FMCG, manufacturing & engineering, BFSI, telecommunication, pharma & healthcare, IT, retail and e-commerce & technology startups across eight cities.