New Delhi: India has again emerged as the
most bullish country in terms of hiring plans, with 25 per
cent of the employers intending to recruit people in the next
three months.
Wholesale and retail trade along with finance, insurance
and real estate sectors are among the most optimistic when it
comes to hiring intentions.
Global staffing services firm Manpower has said India has
a net employment outlook -- a measure of recruiting plans --
of 25 per cent for the fourth quarter of 2009, the highest
among 35 countries surveyed.
The employment outlook for the next three months is much
higher than 19 per cent, forecast for the third quarter of
this year.
"Indian employers have absorbed the layoffs conducted in
the third quarter and are telling us they will being hiring
again at a conservative pace, but most intend to keep their
workforces intact through the end of the year," Manpower
India's Managing Director Naresh Malhan said.
However, the employment outlook for the fourth quarter of
this year (19 per cent) is less by 14 percentage points, as
compared to the same period a year ago. India has seen the
most favourable hiring environment since the third quarter of
2008, the report said.
Nearly 5,637 employers spread across 30 Indian cities
were surveyed.
According to Manpower, job seekers in the finance,
insurance, real estate, services industry, wholesale and
retail trade, public administration and education, mining and
construction segment can expect favourable hiring environment.
"Good news is that in the fourth quarter, job seekers in
key industry sector can look forward to the most favourable
hiring environment.
"We are also seeing accelerating hiring plans in India's
mining and construction sector, thanks to government efforts
in support of infrastructure projects," Malhan said.
Compared to the third quarter of 2009, employment outlook
for wholesale and retail trade has shot up by 13 percentage
points to 34 per cent. The same for finance, insurance and
real estate sector is at 19 per cent and that for services
sector at 25 per cent.
As per the survey, the softest hiring pace is reported by
employers in the transportation and utilities at 16 per cent.
Malhan noted that all regions in the country are
witnessing improving hiring trend as compared to recent
months.
Globally, in terms of hiring optimism, India is followed
by Brazil (21 per cent), Colombia (13 per cent), Peru (9 per
cent), China (8 per cent) and Australia (7 per cent).
The weakest recruitment intentions for the fourth quarter
are in Romania, Spain, Ireland, Japan and Mexico.
Bureau Report
First Published: Tuesday, September 08, 2009, 14:16