Corporate India's hiring outlook bullish for next 3 months

New Delhi: Corporate India has bullish hiring plans for the next three months, with 82 percent predicting an increase in headcount and the IT & ITeS sector to have the strongest hiring prospects, says a survey.

According to recruitment platform MyHiringClub.Com, the hiring pace for the upcoming quarter is expected to rebound both in terms of last quarter and year-ago period in all industry sectors and regions.

The MyHiringClub.Com Employment Outlook Survey, that covered 5,200 employers in India, noted that 82 percent of respondents predict an increase in headcount, 10 percent forecast a decrease and 8 percent anticipate no change.

The Net Employment Outlook stood at a favourable 45 percent.

"In the coming quarter, we are able to see a significantly higher proportion of employers who are sure of their positive hiring plans for the next quarter," MyHiringClub.Com CEO Rajesh Kumar said.

He added that job seekers will get more opportunities as our study shows India's employment markets will experience positive hiring activity as compared to the last quarter and year-ago period and reflects the confidence level in hiring by employers.

Sector-wise, the strongest hiring prospects were reported in the IT & ITeS sector with a net employment outlook of 47 percent, followed by banking and financial services sector (46 percent), manufacturing and engineering (45 percent) holding the second and third place, respectively.

Regional comparisons show that the most optimistic forecast were made for the South, where the net employment outlook stood at 29 percent.

Outlooks for the West, North and East were 28 percent, 27 percent and 16 percent, respectively.

The survey is conducted quarterly to measure employers' intentions to increase or decrease the number of employees in their workforce during the next quarter.