Hiring in Q4 to remain slow even for entry level jobs, says experts

Businesses’ intent to hire is only three percent higher in the fourth quarter of the fiscal year compared to the previous quarter ended December 2022, so, overall hiring will remain slow even for entry-level jobs, staffing firm TeamLease Services said on Monday.

“Historically, Q3 is a very strong quarter for entry-level jobs, especially in sales, marketing, and for delivery boys. This time, despite the festive season in Q3, we haven't seen many hirings happening. Also, if I look at the Q4 trend on a quarter-on-quarter basis, it used to be about 5-6 percent growth between Q3 and Q4, but this time our outlook is the intent to hire is only 3 percent quarter on quarter,” Ramani Dathi, Chief Financial Officer, TeamLease Services, told CNBC-TV18.

Dathi of TeamLease, which mostly deals with entry- and mid-level jobs, explained that the October to December quarter is typically a weaker one because of furloughs and the holiday season. However, even going by the past trends, there is weaker hiring within IT, and early trends for Q4 are also very weak. “So, we believe the next two quarters as well in IT may continue to remain a little slow on overall hiring,” she said.