Want a job? Be in Bangalore, Delhi not Mumbai
CITY SCAN: These cities have many infrastructure and ITES projects and may hire more.
Mumbai: It's raining bad news for those seeking jobs. According to an employment outlook report, companies are reluctant to hire in the period between July and September due to inflation and the oil price hike.
The report prepared by by staffing company Teamlease says while there's a dip in the hiring intention of telecom and financial service sectors, retail, media and FMCG are likely to maintain their hiring pace from the last quarter.
The silver lining is the ITES and the BPO sector, which are likely to get a boost with many projects coming into India.
“US recession coming in this year is going to have an impact on the ITES sector on the postive side, given that most outsourcing deals will get cut through and getting outsourced to India,” says Vice-President Teamlease, Sampath Shetty.
Hyderabad, Ahmedabad, Bangalore and New Delhi are likely to hire a little more than they did in the last quarter. This is because these cities have many infrastructure and ITES projects.
But Chennai, Mumbai, Pune and Kolkata don't have such positive plans. Chennai has the bleakest hiring intentions as most of the manufacturing companies there are at the last stages of hiring for Greenfield projects.
