Employers optimistic about hiring in coming months
The majority of employers in the country anticipate the creation of new jobs in the coming months of this year, according to two surveys released Tuesday
New Delhi: The majority of employers in the country anticipate the creation of new jobs in the coming months of this year, according to two surveys released Tuesday.
Painting a robust hiring scenario in the country, two separate surveys by global staffing firm Manpower and job portal naukri.com showed that employers are planning to hire at a robust pace this year.
Manpower`s Employment Outlook Survey stated that globally, India is the most optimistic in terms of recruitment intentions for the fourth quarter, after China and Taiwan.
Naukri.com, in its latest Hiring Outlook Survey, revealed a positive outlook for the second half this year, with 73 percent of the more than 700 employers interviewed predicting the addition of new jobs.
About 55 percent of the respondents expected replacement hiring, three per cent expected a freeze and 2 percent even anticipate layoffs, the naukri survey stated.
"The job market remains robust in India as a result of strong domestic growth and recovery in key global markets. But employers in other countries are reporting strong hiring forecasts as well," Manpower India Managing Director Sanjay Pandit said.
India`s net employment outlook -- an indicator of employers` hiring intentions -- stood at 38 percent on a seasonally-adjusted basis for the next three months. For the third quarter, the outlook stood a little higher at 41 percent, the Manpower survey stated.
The naukri.com survey revealed that across sectors, most recruiters pegged attrition levels at under 20 percent, with the exception of IT-enabled services.
"Employers began recruiting at a steady pace in the first half of 2010 and confidence levels were high. The findings indicate sustainable new job opportunities in remainder of the year and job seekers can look forward to a favourable hiring environment," Info Edge senior vice-President - Marketing and Corporate Communications Sumeet Singh said.
In terms of sectors in India, the Manpower survey stated that public administration and education has the highest net employment outlook of 45 percent, followed by services (40 percent) and finance, insurance and real estate (34 percent).
Transportation and utilities and the wholesale and retail trade sectors each have an outlook of 22 percent, it added.
"Once you combine strong domestic hiring along with improved international opportunities, we see one of the best scenarios that Indian job seekers could have imagined," Pandit said.
Of the 36 countries surveyed by Manpower, 28 showed positive hiring trends for the next three months. As many as 5,395 employers in India participated in the survey.
For the fourth quarter, China has the highest outlook of 47 percent, followed by Taiwan (40 percent).
Interestingly, for the third quarter of 2010, India was the most optimistic when it came to hiring intentions.