According to TeamLease Employment Outlook Report, the increase in consumer spending and market expansion will encourage hiring in eCommerce and tech start-up space.
The first two-quarters of financial year 2016-17, April – September, is likely to witness a upward rise in the hiring landscape, predominantly in tech and eComm start-up phase, due to increase in consumer spending and the renewed focus on market expansion. Rendering a positive impact on hiring, as much as a 23.6 per cent growth in jobs during this time, says the report, sectors such as manufacturing, engineering and infrastructure will remain untouched.
The main reason, according to the report, is the negative sentiment created by the slKunal Sen ow progress of Make in India initiative. “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 said.
The study covered nine key industry verticals namely FMCG, manufacturing and engineering, BFSI, telecommunication, pharma and healthcare, IT, retail and eCommerce and technology start-ups across eight cities.