India most optimistic on hiring plans for fourth quarter
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.business Updated: Sep 08, 2009 15:51 IST
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.