Smart surge in hiring activity in India: Report
In line with the country's strong growth story, the July-September period has witnessed a smart surge in hiring activities that is likely to remain bullish in the December quarter, says a report.business Updated: Dec 07, 2010 16:08 IST
In line with the country's strong growth story, the July-September period has witnessed a smart surge in hiring activities that is likely to remain bullish in the December quarter, says a report.
Out of 9,117 companies surveyed by recruitment firm across 52 countries, 76% of organisations in India made active hirings in the July-September quarter of the calendar year.
This reflects a jump of 5% since January, recruitment firm Antal International said in its report titled global snapshot.
"The market is expected to remain strong, with the percentage of companies planning to hire over the next three months even higher at 81%, with increased jobs in healthcare, manufacturing, real estate and IT/ITES during the fourth quarter (October-December)of the year," the report noted.
In another good news for the employees, the report also pointed out that attrition rate is expected to decline during the remainder of 2010 from the September quarter which saw one of the five businesses letting their staff go.
"For chief executives and HR directors around the globe, the key business challenge is already shifting away from headcount reduction or containment to how to source the talent they will need in improving markets," Antal CEO Tony Goodwin said.
This reflects the improved global employment markets, where 57% of organisations are in the process of hiring in comparison to 54% in June quarter.
Globally, Asia stands out as the healthiest jobs market for managers and professionals with 86% hiring trend in Thailand, China (81%), Philippines (80%) and Singapore (79%).
Interestingly, Pakistan's relatively poor performance at just 625 also remains impressive by global standards.
The report is based upon material sourced from over 9,100 businesses in commerce, industry and the financial services sector across 52 countries in September and October 2010.