New Delhi: India Inc's hiring activity has increased considerably since September last year and the current recruitment level is one of the highest globally, says a survey by international recruitment firm Antal.
The quarterly global survey asked more than 6,000 firms
in 30 countries that whether they were hiring at managerial
and professional level and planned to do so in the coming
quarter as well.
As much as 71 percent of Indian companies surveyed said
they were currently hiring compared to around half in
September, the survey revealed.
Nigeria (79 percent) is the only country to have a
higher rate of hiring than India's.
"Confidence is back at its peak in the Indian job
markets, its happy days again for job seekers," Antal
international managing partner Joseph Devasia said.
Further, the survey stated that Indian firms plan on
increasing their hiring activity even more, with 78 percent
expecting to hire managerial staff over the next three months.
"Combined with a very low rate of letting people go (16
percent and set to drop by a further three percent) the
results indicate a strong employment market which is improving
all the time," the Antal report noted about India.
China and Pakistan also have high rates of hiring at 71
percent and 70 percent, respectively. Although China
predicts an increase in recruitment activity, Pakistan
forecasts a drop of 25 percent.
"Manufacturing and auto sectors along with the traditional
IT, FMCG, pharma companies have ramped up hiring, against
what we witnessed in our previous survey. Increased hiring
indicates that the need for exceptional talent is now ever
more," Devasia added.
Antal said that globally although a few countries are
still seeing a decline in the employment market, the global
picture has definitely improved once again.
"As a result we are already seeing the first clear signs
of organisations thinking in terms of the 'war for talent'
once more with more robust businesses making early moves to
snap up the best people in their markets before general
recovery becomes too apparent," Antal CEO Tony Goodwin said.
PTI
First Published: Wednesday, February 03, 2010, 19:00