6 sectors to hire big in next 6 months; fin services to be in thick of action: Report

The financial services sector will be the biggest gainer from the positive hiring sentiments. According to TeamLease's Employment Outlook Report for H2FY18, the net employment outlook for the coming 6 months (October 2017 to March 2018) will see an incremental increase of 2 percentage point.

The positivity in the outlook is attributed to the increase in government spending and the stable hiring growth exhibited by few of the sectors and cities. As per the report, around six out of the eighteen sectors surveyed suggests positive hiring sentiments indicating good tidings for job seekers.

The report said that talent in financial services will be the biggest gainer of this upbeat mood. The financial services industry alone is expected to see a 3-point rise in employment outlook.

It added that the Reserve Bank of India's (RBI) thrust on increasing banking penetration and its decision to give more licences to private sector players is expected to boost the sector significantly.

Further, it said that Goods and Services Tax (GST) is expected to improve state finances by RBI and, thereby, bolster bank finances. The other key sectors that will also experience positive hiring intent are Knowledge Process Outsourcing and Health & Pharmaceuticals.

Rituparna Chakraborty, Co-Founder & Executive Vice President, TeamLease Services, said, “The modest pace at which the hiring sentiment is growing seems to indicate a steadier and stable recovery rather than a temporary spike. In fact, most of the profiles that the companies are adding are not just to address the short-term requirement but to build capabilities indicating the good tidings are here to stay."

While the sentiment in the Knowledge Process Outsourcing sector is not as high as Financial Services, the sector tops the list with regard to job creation. The sector will experience a 14.16 percent growth in jobs. With a 7 and 4 percentage point drop, the laggards in the coming half year are construction & real estate, Agriculture & Agro Chemical and Travel & hospitality, respectively.