Teamlease releases qauarterly employment outlook report

Bangalore, Jan 14(UNI) The Union Government's decision to open up for new telecom players, the telecom sector was all set to enter into the second phase of pectorals liberalization resulting in an upsurge for manpower in the coming days, according to Teamlease Services Private Limited, India's largest staffing company.

In its quarterly report on Employment Outlook for January-March 2008, it was stated that the Telecom Sector was all set to witness an upsurge in terms of generating employment in the coming quarter thanks to the decision of the Center to allow more number of operators to come to the scene.

Compared to previous quarters there was a gradual increase in employment outlook Index points of the ITES sector and found a gradual decrease in Retail, Media and FMCG sector. While the hiring trend in Tier-I and II cities was increasing the trend was declining in Metro cities and negative trend was continuing against hiring from rural areas. Another notable trend was that during the quarter there was decrease in the intention to hire at managerial levels.

The report also revealed that against last five quarters the employment growth in Infrastructure sector was growing in Hyderabad, there was declining trend in ITeS in Bangalore and Financial Services in Delhi. There was also a decline of Business Outlook Index points of Pune, Hyderabad, Bangalore and Ahmedabad.

Timelease Services Vice President Sampath Shetty said that with Greenfield and Brownfield projects sprouting across Pune, Hyderabad and Chennai in sectors like manufacturing, automobiles, chemicals and energy and infrastructure there was a possibilities of a polarization of sectors like automobiles, infrastructure in local locations like Pune and Hyderabad respectively.

The report also observed that during the past three months the attrition rate across all the cities was 13 per cent and above with Hyderabad and Chennai accounting for highest attrition rates.

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