India Inc hiring intent up 7% in September quarter: TeamLease report

Indian firms top on this metric among major global markets; intent to hire at 64% in Sept quarter, up from 54% in previous three-month period; could touch 70% in next few quarters

The intent to hire by corporates in India witnessed a 7 per cent increase for the July-September quarter from the previous quarter—an increase from 54 per cent to 61 per cent, said a report by TeamLease Services.

The TeamLease Employment Outlook Report” for the period July-September 2022 noted that the trends pointing to an increase in hiring intent are imminent and the next few quarters could very well see the Intent to Hire cross the 70 per cent mark. The reason for the hiring intent to go up were propelled by some of the initiatives announced by the government, said