Majority of employers in manufacturing sector keen to hire in Q4: Report
Majority of manufacturing companies plan to hire more people in the next three months amid increasing domestic demand, according to a survey.
A TeamLease 'Employment Outlook Report' for the fourth quarter on Tuesday said the positive higher hiring sentiment is driven by large scale enterprises (69 per cent), followed by medium (44 per cent) and small (39 per cent) businesses.
The findings are based on a survey of 301 manufacturing companies across 14 cities in India.
More than 60 per cent of employers in the manufacturing segment aim to recruit and expand their resource pool.
The overall intent to hire for both the manufacturing and services sectors combined has grown to 68 per cent in the said quarter from 65 per cent in the third quarter, it said.
"The global employment rate has increased considerably post the last Covid-19 wave and is poised to grow stronger in the coming quarters. With domestic demand increasing, despite stringent external conditions, the manufacturing industr