the previous month's level as recruitment activities witnessed a dip across most key sectors, including IT and telecom. However, the hiring activities grew by 16 per cent on year-on-year basis. According to experts, the recent dip in the job market can be attributed to uncertain economic environment and year-end holidays, which generally sees a lull in hiring activities.
However, according to TeamLease, recruitment across sectors is on a slow rise. The net employment outlook was at +70 for the March quarter, but sectors like IT have dipped again. It is expected that as far as hiring is concerned, the IT sector will see a growth. Corporates would prefer to exercise caution in hiring than lay off employee.
Source: Financial Express