monamastana
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Hi all;
Pls find herith TeamLease Employment Outlook Report for the quarter January – March 2007.
TeamLease Employment Outlook Report for the quarter January – March 2007
Sharp increase of 6% in business outlook over last quarter
IT, ITeS, BFSI and Manufacturing provide maximum employment opportunities
Metro and class I cities indicate an 18% net increase in hiring over last quarter
Mumbai, January 15, 2007: TeamLease Services Private Limited, India’s largest staffing solutions organization has recently released their second quarterly employment outlook report for the period between January – March 2007. According to the report, there is a sharp 6% increase n the business outlook over last quarter, with the current index point touching 91. However the overall employment outlook for quarter 2 remains consistent at 81 index points.
The ITeS sector continues to be bullish with a sharp increase of 11% in hiring over last quarter followed by financial services and IT. Bangalore consistently remains the favorite destination for jobseekers with a sharp net increase in hiring at 7% and IT with ITES remaining the major contributor. There is also a net employment increase in destinations including Hyderabad and Pune at 4% and 2% respectively. Manufacturing sector is the major contributor for employment growth in Mumbai, Pune, Ahmedabad and Kolkata. Financial Services sector is second major contributor of employment growth for the cities of Mumbai and Kolkata
The sharpest net increase in business outlook growth over last quarter has been in Kolkata at 13% followed by Pune at 9%, Ahmedabad 8%, Chennai at 7%, Hyderabad and Delhi at 6%. The sectors that indicate an increase in business outlook include IT, ITeS and manufacturing.
The TeamLease employment outlook report suggests that’s the employment scenarios remains positive for metro and class I city hires which is at 96%. 87% of companies intend to hire at a junior levels whilst middle management hiring is favored by 1/4th of the companies.
According to Sampath Shetty, Vice President, TeamLease Services Pvt. Ltd. “ In line with the overall trend in the economy, the business confidence is very high across industry segments. This reflects the opportunities that exist for the companies in the Indian context and the growth trajectory that we are seeing at a micro and macro level. The employment outlook continues to be positive (at the same level as the previous quarter) and reflects the increasing opportunities for job seekers and the need for talent. The economy has the manpower and the challenge would be to map the available skill sets and work up the last mile employability challenges to actually matching the demand to supply”
The Year 2007 will have greater buoyancy than what it was in 2006. Organizations need to gear up in providing adequate training, retaining manpower, working long term compensation plans, constantly redefine the dynamic work cultures, shadow hunting and honing of skills; those will be the order of the day.
About TeamLease
This report is an offering from TeamLease Permanent Staffing Business unit.
TeamLease Services Pvt. Ltd is India’s largest staffing solution company and the biggest player in the temping (temporary staffing) industry today. TeamLease has been recognized for having pioneered the concept of temporary staffing in India. Currently they have over 60,000 employees on the rolls, presence across 464 locations with 23 offices in India. They are currently India's second largest private sector employer, poised to be the largest private sector employer by 2007.
TeamLease Services, in a short span of time, has become one among the country’s top 5 players in the Permanent Recruitment space as well. The organization is currently the second largest private sector employer poised to be the largest by 2007.
In the permanent recruitment domain, TeamLease Services provide executive search, database selection, advertised selection and turnkey solution, with domain experts to anchor specific industry verticals. TeamLease Services head quartered in Bangalore, operates out of 18 other locations across India.
TeamLease adopts a holistic approach to develop company specific staffing solutions that are highly research oriented with process capabilities and a strong technology platform. Our approach is derived from organizational experience and is customized to client needs.
The explosive growth of TeamLease is attributed to the ability to leverage on its national presence and its people & technology platform. The combination of people, technology and focus enables TeamLease to deliver on its committed objective of value creation for all its clients.
Contact
Adfactors PR Pvt Ltd -Mumbai
Amber Sironzkar
+91 9867459495
Note: Given below are city specific highlights and quarter comparison tables
ANNEXURE
CITY HIGHLIGHTS
Bangalore
• Net increase in employment outlook of 7% over last quarter, Quarter 1 at 83% and Q2 at 90%
• IT and ITES sectors are the major contributors to employment growth*
Mumbai
• Second highest hiring growth in Mumbai in the current quarter with index points touching 90
• The net increase in business outlook growth over last quarter has been 5%
• Manufacturing sector is the major contributor for the employment growth*
• Financial Services sector is second major contributor of employment growth*
Delhi
• Employment outlook for the current quarter is third highest in Delhi touching 88 index points
• The net increase in business outlook growth over last quarter has been 6%
Hyderabad
• Net increase in employment outlook of 4% over last quarter, Quarter 1 at 72% and Q2 at 76%
• The net increase in business outlook growth over last quarter has been 6%
• IT and ITES sectors are the major contributors to employment growth*
Pune
• Net increase in employment outlook of 2% over last quarter, Quarter 1 at 80% and Q2 at 82%
• The net increase in business outlook growth over last quarter has been the second highest in Pune at 9%
• Manufacturing sector is the major contributor for the employment growth*
Kolkata
• The sharpest net increase in business outlook growth over last quarter has been in Kolkata at 13%. Current quarter index points touching 85
• Manufacturing sector is the major contributor for the employment growth*
• Financial Services sector is second major contributor of employment growth*
Ahmedabad
• The net increase in business outlook growth over last quarter has been the third highest in Ahmedabad at 8%
• Manufacturing, IT and ITES sectors are the major contributors to employment growth*
Chennai
• The net increase in business outlook growth over last quarter has been 7%
• IT and ITES sectors are the major contributors to employment growth
*Please refer to Employment Growth across Cities table in the report
QUARTER COMPARISON SHEET
Net Employment Outlook
The ‘Net Employment Outlook’ is derived in Percentages as the difference in the Proportion of respondents reporting an increase in hiring needs and those who report a decline in hiring needs over the next three months.
Increase
(%) Decrease
(%) No Change
(%) Net Employment Outlook (%)
Quarter 1
(Oct-Dec 2006) 86 5 10 +81
Quarter 2
(Jan-Mar 2007) 82 1 17 +81
Net Employment outlook growth sector wise
The Net Increase/Decrease in the Employment Outlook growth sector wise is derived by subtracting the percentage of responses of Quarter 1 from Quarter 2
City Quarter 1 (%) Quarter 2 (%) Net Increase/Decrease (%)
IT 88 89 +1
ITES 79 90 +11
Financial Services 82 85 +3
Retail, Media & FMCG 90 78 -12
Infrastructure 74 71 -3
Mfg. & Eng. 73 71 -2
Net Employment outlook growth city wise
The Net Increase/Decrease in the Employment Outlook growth city wise is derived by subtracting the percentage of responses of Quarter 1 from Quarter 2
City Quarter 1 (%) Quarter 2 (%) Net Increase/Decrease (%)
Mumbai 95 90 -5
Delhi 91 88 -3
Bangalore 83 90 +7
Chennai 76 74 -2
Kolkata 57 57 0
Pune 80 82 +2
Hyderabad 72 76 +4
Ahmedabad 81 76 -5
Net Business Outlook
The ‘Net Business Outlook’ is derived in Percentages as the difference in the Proportion of respondents reporting an increase in Business and those who report a decline in Business over the next three months.
Increase
(%) Decrease
(%) No Change
(%) Net Business
Outlook (%)
Quarter 1
(Oct-Dec 2006) 87 2 11 +85
Quarter 2
(Jan-Mar 2007) 93 2 5 +91
The Net Employment Outlook stands at +81% anticipating an Optimistic trend in the Hiring needs in the Indian Employers for the second quarter and a Net Business Outlook of +91% shows an Upward trend in the growth of the Business.
Net Business outlook growth sector wise
The Net Increase/Decrease in the Business Outlook growth sector wise is derived by subtracting the percentage of responses of Quarter 1 from Quarter 2
City Quarter 1 (%) Quarter 2 (%) Net Increase/Decrease (%)
IT 84 96 +12
ITES 74 92 +18
Financial Services 92 93 +1
Retail, Media & FMCG 95 80 -15
Infrastructure 93 92 -1
Mfg. & Eng. 83 90 +7
Net Business outlook growth city wise
The Net Increase/Decrease in the Business Outlook growth city wise is derived by subtracting the percentage of responses of Quarter 1 from Quarter 2
City Quarter 1 (%) Quarter 2 (%) Net Increase/Decrease (%)
Mumbai 92 97 +5
Delhi 84 90 +6
Bangalore 98 97 -1
Chennai 80 87 +7
Kolkata 72 85 +13
Pune 80 89 +9
Hyderabad 80 86 +6
Ahmedabad 83 91 +8
Employment scenario
The Net Increase/Decrease in the Employment scenario is derived by subtracting the percentage of responses of Quarter 1 from Quarter 2
Quarter 1 (%) Quarter 2 (%) Net Increase/Decrease (%)
Metro 43 56 +13
Class I 35 40 +5
Class II 11 4 -7
Rural 11 0 -11
Managerial level hiring
The Net Increase/Decrease in the Intention to hire across Managerial Levels is derived by subtracting the percentage of responses of Quarter 1 from Quarter 2
Quarter 1 (%) Quarter 2 (%) Net Increase/Decrease (%)
Junior Level 86 87 +1
Middle Level 34 35 +1
Senior Level 17 12 -5
Intention to hire across functions
The Net Increase/Decrease in the Intention to hire across Functions is derived by subtracting the percentage of responses of Quarter 1 from Quarter 2
Functions Quarter 1 (%) Quarter 2 (%) Net Increase/Decrease (%)
Marketing 31 25 -6
IT 18 18 0
Production 17 18 +1
Others 11 16 +5
Finance 11 10 -1
Administration 8 9 +1
HR 4 4 0
Full time/part time hiring
The Net Increase/Decrease in the Intention to hire across Full Time/Part Time is derived by subtracting the percentage of responses of Quarter 1 from Quarter 2
Functions Quarter 1 (%) Quarter 2 (%) Net Increase/Decrease (%)
Full time 84 90 +6
Part time 1 2 +1
Both 15 8 -7
thanks & regards
monica
Pls find herith TeamLease Employment Outlook Report for the quarter January – March 2007.
TeamLease Employment Outlook Report for the quarter January – March 2007
Sharp increase of 6% in business outlook over last quarter
IT, ITeS, BFSI and Manufacturing provide maximum employment opportunities
Metro and class I cities indicate an 18% net increase in hiring over last quarter
Mumbai, January 15, 2007: TeamLease Services Private Limited, India’s largest staffing solutions organization has recently released their second quarterly employment outlook report for the period between January – March 2007. According to the report, there is a sharp 6% increase n the business outlook over last quarter, with the current index point touching 91. However the overall employment outlook for quarter 2 remains consistent at 81 index points.
The ITeS sector continues to be bullish with a sharp increase of 11% in hiring over last quarter followed by financial services and IT. Bangalore consistently remains the favorite destination for jobseekers with a sharp net increase in hiring at 7% and IT with ITES remaining the major contributor. There is also a net employment increase in destinations including Hyderabad and Pune at 4% and 2% respectively. Manufacturing sector is the major contributor for employment growth in Mumbai, Pune, Ahmedabad and Kolkata. Financial Services sector is second major contributor of employment growth for the cities of Mumbai and Kolkata
The sharpest net increase in business outlook growth over last quarter has been in Kolkata at 13% followed by Pune at 9%, Ahmedabad 8%, Chennai at 7%, Hyderabad and Delhi at 6%. The sectors that indicate an increase in business outlook include IT, ITeS and manufacturing.
The TeamLease employment outlook report suggests that’s the employment scenarios remains positive for metro and class I city hires which is at 96%. 87% of companies intend to hire at a junior levels whilst middle management hiring is favored by 1/4th of the companies.
According to Sampath Shetty, Vice President, TeamLease Services Pvt. Ltd. “ In line with the overall trend in the economy, the business confidence is very high across industry segments. This reflects the opportunities that exist for the companies in the Indian context and the growth trajectory that we are seeing at a micro and macro level. The employment outlook continues to be positive (at the same level as the previous quarter) and reflects the increasing opportunities for job seekers and the need for talent. The economy has the manpower and the challenge would be to map the available skill sets and work up the last mile employability challenges to actually matching the demand to supply”
The Year 2007 will have greater buoyancy than what it was in 2006. Organizations need to gear up in providing adequate training, retaining manpower, working long term compensation plans, constantly redefine the dynamic work cultures, shadow hunting and honing of skills; those will be the order of the day.
About TeamLease
This report is an offering from TeamLease Permanent Staffing Business unit.
TeamLease Services Pvt. Ltd is India’s largest staffing solution company and the biggest player in the temping (temporary staffing) industry today. TeamLease has been recognized for having pioneered the concept of temporary staffing in India. Currently they have over 60,000 employees on the rolls, presence across 464 locations with 23 offices in India. They are currently India's second largest private sector employer, poised to be the largest private sector employer by 2007.
TeamLease Services, in a short span of time, has become one among the country’s top 5 players in the Permanent Recruitment space as well. The organization is currently the second largest private sector employer poised to be the largest by 2007.
In the permanent recruitment domain, TeamLease Services provide executive search, database selection, advertised selection and turnkey solution, with domain experts to anchor specific industry verticals. TeamLease Services head quartered in Bangalore, operates out of 18 other locations across India.
TeamLease adopts a holistic approach to develop company specific staffing solutions that are highly research oriented with process capabilities and a strong technology platform. Our approach is derived from organizational experience and is customized to client needs.
The explosive growth of TeamLease is attributed to the ability to leverage on its national presence and its people & technology platform. The combination of people, technology and focus enables TeamLease to deliver on its committed objective of value creation for all its clients.
Contact
Adfactors PR Pvt Ltd -Mumbai
Amber Sironzkar
+91 9867459495
Note: Given below are city specific highlights and quarter comparison tables
ANNEXURE
CITY HIGHLIGHTS
Bangalore
• Net increase in employment outlook of 7% over last quarter, Quarter 1 at 83% and Q2 at 90%
• IT and ITES sectors are the major contributors to employment growth*
Mumbai
• Second highest hiring growth in Mumbai in the current quarter with index points touching 90
• The net increase in business outlook growth over last quarter has been 5%
• Manufacturing sector is the major contributor for the employment growth*
• Financial Services sector is second major contributor of employment growth*
Delhi
• Employment outlook for the current quarter is third highest in Delhi touching 88 index points
• The net increase in business outlook growth over last quarter has been 6%
Hyderabad
• Net increase in employment outlook of 4% over last quarter, Quarter 1 at 72% and Q2 at 76%
• The net increase in business outlook growth over last quarter has been 6%
• IT and ITES sectors are the major contributors to employment growth*
Pune
• Net increase in employment outlook of 2% over last quarter, Quarter 1 at 80% and Q2 at 82%
• The net increase in business outlook growth over last quarter has been the second highest in Pune at 9%
• Manufacturing sector is the major contributor for the employment growth*
Kolkata
• The sharpest net increase in business outlook growth over last quarter has been in Kolkata at 13%. Current quarter index points touching 85
• Manufacturing sector is the major contributor for the employment growth*
• Financial Services sector is second major contributor of employment growth*
Ahmedabad
• The net increase in business outlook growth over last quarter has been the third highest in Ahmedabad at 8%
• Manufacturing, IT and ITES sectors are the major contributors to employment growth*
Chennai
• The net increase in business outlook growth over last quarter has been 7%
• IT and ITES sectors are the major contributors to employment growth
*Please refer to Employment Growth across Cities table in the report
QUARTER COMPARISON SHEET
Net Employment Outlook
The ‘Net Employment Outlook’ is derived in Percentages as the difference in the Proportion of respondents reporting an increase in hiring needs and those who report a decline in hiring needs over the next three months.
Increase
(%) Decrease
(%) No Change
(%) Net Employment Outlook (%)
Quarter 1
(Oct-Dec 2006) 86 5 10 +81
Quarter 2
(Jan-Mar 2007) 82 1 17 +81
Net Employment outlook growth sector wise
The Net Increase/Decrease in the Employment Outlook growth sector wise is derived by subtracting the percentage of responses of Quarter 1 from Quarter 2
City Quarter 1 (%) Quarter 2 (%) Net Increase/Decrease (%)
IT 88 89 +1
ITES 79 90 +11
Financial Services 82 85 +3
Retail, Media & FMCG 90 78 -12
Infrastructure 74 71 -3
Mfg. & Eng. 73 71 -2
Net Employment outlook growth city wise
The Net Increase/Decrease in the Employment Outlook growth city wise is derived by subtracting the percentage of responses of Quarter 1 from Quarter 2
City Quarter 1 (%) Quarter 2 (%) Net Increase/Decrease (%)
Mumbai 95 90 -5
Delhi 91 88 -3
Bangalore 83 90 +7
Chennai 76 74 -2
Kolkata 57 57 0
Pune 80 82 +2
Hyderabad 72 76 +4
Ahmedabad 81 76 -5
Net Business Outlook
The ‘Net Business Outlook’ is derived in Percentages as the difference in the Proportion of respondents reporting an increase in Business and those who report a decline in Business over the next three months.
Increase
(%) Decrease
(%) No Change
(%) Net Business
Outlook (%)
Quarter 1
(Oct-Dec 2006) 87 2 11 +85
Quarter 2
(Jan-Mar 2007) 93 2 5 +91
The Net Employment Outlook stands at +81% anticipating an Optimistic trend in the Hiring needs in the Indian Employers for the second quarter and a Net Business Outlook of +91% shows an Upward trend in the growth of the Business.
Net Business outlook growth sector wise
The Net Increase/Decrease in the Business Outlook growth sector wise is derived by subtracting the percentage of responses of Quarter 1 from Quarter 2
City Quarter 1 (%) Quarter 2 (%) Net Increase/Decrease (%)
IT 84 96 +12
ITES 74 92 +18
Financial Services 92 93 +1
Retail, Media & FMCG 95 80 -15
Infrastructure 93 92 -1
Mfg. & Eng. 83 90 +7
Net Business outlook growth city wise
The Net Increase/Decrease in the Business Outlook growth city wise is derived by subtracting the percentage of responses of Quarter 1 from Quarter 2
City Quarter 1 (%) Quarter 2 (%) Net Increase/Decrease (%)
Mumbai 92 97 +5
Delhi 84 90 +6
Bangalore 98 97 -1
Chennai 80 87 +7
Kolkata 72 85 +13
Pune 80 89 +9
Hyderabad 80 86 +6
Ahmedabad 83 91 +8
Employment scenario
The Net Increase/Decrease in the Employment scenario is derived by subtracting the percentage of responses of Quarter 1 from Quarter 2
Quarter 1 (%) Quarter 2 (%) Net Increase/Decrease (%)
Metro 43 56 +13
Class I 35 40 +5
Class II 11 4 -7
Rural 11 0 -11
Managerial level hiring
The Net Increase/Decrease in the Intention to hire across Managerial Levels is derived by subtracting the percentage of responses of Quarter 1 from Quarter 2
Quarter 1 (%) Quarter 2 (%) Net Increase/Decrease (%)
Junior Level 86 87 +1
Middle Level 34 35 +1
Senior Level 17 12 -5
Intention to hire across functions
The Net Increase/Decrease in the Intention to hire across Functions is derived by subtracting the percentage of responses of Quarter 1 from Quarter 2
Functions Quarter 1 (%) Quarter 2 (%) Net Increase/Decrease (%)
Marketing 31 25 -6
IT 18 18 0
Production 17 18 +1
Others 11 16 +5
Finance 11 10 -1
Administration 8 9 +1
HR 4 4 0
Full time/part time hiring
The Net Increase/Decrease in the Intention to hire across Full Time/Part Time is derived by subtracting the percentage of responses of Quarter 1 from Quarter 2
Functions Quarter 1 (%) Quarter 2 (%) Net Increase/Decrease (%)
Full time 84 90 +6
Part time 1 2 +1
Both 15 8 -7
thanks & regards
monica