Impact of Q3 results on hiring by the IT sector- TeamLease

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“The muted growth, focus on automation and ROI, the inorganic growth approach to build future competencies and the uncertainties with regard to the US policies  post Trump resuming office will all have an impact on hiring in the coming quarters, However this does not indicate negative hiring by the sector, rather the hiring decision will be governed by caution and on-demand hiring. Though last quarter the hiring was less, the sector will witness a 12% increase in hiring in the coming 2 quarters.

One of the key areas the sector will focus in the next 2 quarters will be on improving productivity via focusing on right skilling. Companies will continue to invest in upgrading the skills of their existing resources, which would also enable them in retention.

Ms. Alka Dhingra- Assistant General Manager, TeamLease Services

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