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India’s job market strongest: survey

business Updated: Sep 09, 2009 20:47 IST
Manpower Inc

Indian employers are the most optimistic about hiring, says a survey by global placement company Manpower Inc, and job seekers are likely to benefit from an active market through the end of the year.

“With a Net Employment Outlook of 25 per cent, Indian employers report the most optimistic forecast among all 35 countries participating in the survey,” said the Manpower Employment Outlook Survey.

India’s outlook has improved by 6 percentage points quarter-over-quarter, but weakened by 14 percentage points when compared to the fourth quarter last year.

The Net Employment Outlook in the last quarter in China was 8 per cent, Canada at 5 per cent, while it was negative in the US and Britain.

“We are witnessing a strong hiring trend in all regions in India. North, East and West are all showing improved signs compared to three months ago,” Naresh Malhan, MD, Manpower India, said.

“Indian employers have absorbed the layoffs conducted in the third quarter of 2008 calendar year and are telling us they will begin hiring again at a conservative pace, but most intend to keep their workforce intact through the end of the year,” Malhan said.

Job seekers in the finance, insurance, realty, services, retail, public administration, education and the mining sectors can look forward to the most favourable hiring environment.

The most optimistic employment forecasts after India are reported in Brazil, China and Australia.