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TeamLease Services Ltd’s shares go up by 11 per cent to Rs 4,355 on the Bombay Stock Exchange (BSE) in Tuesday’s intra-day trade after the company said hiring intent has touched its zenith mark during the October-December quarter (Q3FY22) with 41 per cent, a 3 per cent gain over July-September quarter (Q2FY22).
This company is one of India’s leading human resource (HR) companies offering a range of solutions to 3500+ employers for their hiring, productivity and scale challenges.
The findings from the TeamLease Services platform reflect the positive economic sentiment and consumer confidence while also corroborating India Inc’s pent-up talent acquisition requirements, the company said in a press release.
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“Although the corporate workforce demand hasn’t touched the pre-pandemic mark, the continuous quarter-on-quarter increase in hiring intent, as mapped by TeamLease Services, points to significant business realignment to adjust to digital transformation needs. The workforce number is expected to expand by 430 million approximately by Dec 2021,” it added.
Stock Covered in the news
