Improving business sentiment: India has strong hiring plans for next 3 months
The Manpower Employment Outlook Survey said that hiring activities are picking up in some sectors on the hopes of 'business sentiment turning positive in anticipation of a stable government coming to the helm'.business Updated: Jun 11, 2014 00:09 IST
Bolstered by improving business sentiments, Indian employers have the strongest hiring plans worldwide for the next three months as they are expected to embark on "vigorous" recruitment activities, said a report released on Tuesday.
The Manpower Employment Outlook Survey said that hiring activities are picking up in some sectors on the hopes of "business sentiment turning positive in anticipation of a stable government coming to the helm".
Going by the findings of the survey of 5,389 employers, they anticipate a vigorous hiring pace for July-September period. The hiring outlook is projected at 46% higher over last year.
"The strongest hiring plans across the globe are reported by employers in India, Taiwan, Turkey, New Zealand and Singapore. The weakest-and only negative-third-quarter forecasts are reported by employers in Italy, Belgium, France and the Netherlands," the report said.
As per the findings by HR services firm Manpower, employers in the public administration and education followed by wholesale and retail trade sectors have the most optimistic hiring plans. Their net employment outlook for the next three months is pegged to grow at 53% and 49% respectively.
"With the Indian business environment showing signs of improvement, companies are back in hiring mode," A G Rao, MD, Manpower India Group.