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A significant percentage of employers expect hiring to increase over the next two years due to Production Linked Incentive (PLI) schemes, under which fiscal incentives ar being provided to several sectors to boost domestic manufacturing, says a report. A TeamLease report said the higher positive hiring sentiment is attributed to the pharmaceutical industry (68 per cent) followed by white goods industry (67 per cent) and textile products (62 per cent). Around 60 per cent of employers expect hiring to increase due to PLI schemes over the next two years. The TeamLease PLI Outlook Report has been prepared on the basis of the employers' reaction towards job creation based on the incentives mentioned by the government in the PLI schemes and their projection towards hiring in the next two years. For the report, 344 mid to senior-level, general managers/ talent acquisition managers across 14 cities and 8 industries in India were surveyed. "The PLI schemes are a revolutionary one. It will
A majority of employers in the services sector are keen to expand their workforce in the third quarter of this fiscal, according to a report. Around 73 per cent of employers are eager to increase their resource pool this quarter, according to TeamLease Services 'Employment Outlook Report for Q3 (October to December 2022) for the services sector. The 'TeamLease Employment Outlook Report' is based on a survey of 579 service companies in 14 cities across the country. The report further stated that in the services segment, the key sectors expressing a higher intent are information technology (96 per cent), educational services (95 per cent), e-commerce and allied start-ups (92 per cent), telecommunications (90 per cent), retail (79 per cent), financial services (78 per cent) and logistics (75 per cent). As the demand for services has increased post the pandemic, large firms (79 per cent), medium-sized firms (45 per cent) and small firms (57 per cent) have all mustered a strong hiring .
Hybrid work environment is widening the gap between employees and leaders with 80 per cent employees looking for better reasons to go into office while 91 per cent leaders find it challenging to have confidence in employees productivity, a Microsoft survey report said on Thursday. The survey which covered over 20,000 full-time or self-employed people in 11 countries, including 2,000 in India, found that 91 per cent of Indian employees willing to work from office if they can socialize with co-workers. "93 per cent of leaders in India say getting employees back to the office in-person is a concern. The report finds that people are more likely to come in for each other than any other reason. 80 per cent of employees in India say they need a better reason to go into the office besides company expectations," the report said. The survey was conducted between July 7 and August 2. According to the survey 47 per cent of employees and 58 per cent of leaders in India report that they are alre