Employment Outlook Report

 

KEY FINDINGS OF THE TEAMLEASE EMPLOYMENT OUTLOOK REPORT H1 FY18-19

  • GLOBAL TRENDS: Asia Pacific [APAC] leads global markets with a Net Employment Outlook of 62% for the April-September, 2018-19 period. Middle-east [54%], Americas [44%], Africa [43%] and Europe [39%] trail behind APAC by significant margins. Benchmarked against global markets, the employment outlook for India is ahead of APAC (global leader) by 33% and ahead of Europe (global laggard) by 54%.
  • INDIA: Employment Outlook improves significantly [+4%] for the April-September, 2018-19 half-year and stands at 95%. The overall positive sentiment is in alignment with the growth in GDP.
  • The outlook improves in 8 out of the 16 sectors, covered as part of the survey, dips in 7 and stays neutral in one for the April-September, 2018-19 period compared to October-March, 2017-18.
    • Positive: KPO [+4%], Ecommerce & Tech Start-ups [+3%], Financial Services [+3%], Media & Entertainment [+3%], Retail [+2%], BPO/ITeS [+2%], FMCG/D [+2%] and Construction & Real Estate [+2%].
    • Negative: Agriculture & Agrochemicals [-4%], Telecommunications [-4%], IT [-2%], Healthcare & Pharmaceuticals [-2%], Educational Services [-2%], Manufacturing, Engineering & Infrastructure [-2%] and Travel & Hospitality [-1%].
    • Neutral: Power & Energy The outlook improves in 5 out of the total 8 cities covered as part of the survey, and falls in the other 3 cities for the April-September, 2018-19 period compared to October-March, 2017-18.
    • Positive: Mumbai [+4%], Delhi [+3%], Bangalore, Hyderabad, Pune [+1% each]
    • Negative: Kolkata [-3%], Ahmedabad [-2%], Chennai [-1%].
  • All geographies** reported improved outlook for the April-September, 2018-19 period compared to October-March, 2017-18. Outlook is up by 3% each in Metro / Tier-1 and Tier-2 cities, and by 1% each in Tier-3 cities and rural areas.
  • The outlook for Junior and Mid-levels of the hierarchy** improve significantly [+4%], and the outlook marginally improves for Entry [+2%] and Senior [+1%] levels.
  • Medium-sized businesses are bullish and report a 5% improvement in outlook. The outlook improves by a significant 4% for large businesses and by 3% for small businesses.
  • The outlook for Blue Collar** roles increases substantially [+5%], and those for Sales and Marketing [+4% each] increase significantly. IT and Engineering roles report marginal improvement [2% and 1% each] and HR and Office Services roles each report a 2% reduction in outlook.
  • Attrition rates dropped during October-March, 2017-18 compared to FY 2017-18, for 10 of the 16 sectors. Healthcare & Pharmaceuticals (9.49%), Power & Energy (10.16%), Information Technology (10.63%) and Manufacturing, Engineering & Infrastructure (11.26%) had the lowest levels of attrition for the October-March, 2017-18 half-year.