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HR Trends | Net hiring outlook in IT, ITeS sectors falls to 23%

HR Trends | Net hiring outlook in IT, ITeS sectors falls to 23%
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First Published: Mon, Feb 09 2009. 10 51 PM IST

Updated: Mon, Feb 09 2009. 10 51 PM IST
With the global slowdown affecting revenues of information technology (IT) and IT-enabled services (ITeS) companies, the hiring outlook has also dampened significantly for this sector.
The net employment outlook for the sector is down to 23% in the first quarter of 2009 compared with 57% in the last quarter of 2008, says a report by Manpower Services India Pvt. Ltd.
Also See Survey Results
This is a decline of 34 percentage points. Of the 768 employers surveyed, only 27% expressed a desire to increase hiring in this quarter, while 4% anticipated a decrease in hiring. In the previous quarter, while 58% of the 1,098 employers surveyed expressed a desire to increase hiring, only 1% expected a fall in hiring.
This outlook is derived from responses collected from the human resource, or HR, heads of top software firms, IT companies and business process outsourcing firms.
Graphics by Ahmed Raza Khan / Mint
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First Published: Mon, Feb 09 2009. 10 51 PM IST