India is most optimistic among 42 countries in terms of hiring plans for the first three months of 2016 with multiple sectors expected to drive recruitment activities, says a survey.
The quarterly Manpower Employment Outlook Survey released on Tuesday said Indian employers expect the vigorous hiring pace to continue during the January-March period.
India’s net employment outlook for the first quarter of 2016 stood at 42%, the highest among 42 nations that were surveyed. “Hiring intentions remain optimistic for the upcoming quarter and outlook remain positive in all sectors and regions,” Manpower said, adding that northern and western region employers report strongest job prospects for the quarter ahead.
The findings are based on a survey of 5,065 employers across the country. “As the Indian economy keeps up its escalating growth trajectory, the job market also looks very positive,” AG Rao, Group Managing Director at ManpowerGroup India, said.
“Employer hiring intentions remain positive, primarily driven by transportation and utilities, wholesale and retail trade, finance, insurance and real estate and public administration and education sectors,” he noted.
According to him, Indian market continues to grow, with strong confidence bolstered by high levels of investment. When it comes to hiring outlook for the next three months, India is followed by Taiwan (29%), Japan (23%), Turkey (19%) and United States (17%).
Globally, ManpowerGroup interviewed more than 58,000 employers spread across 42 countries and territories. Rao said that job seekers are optimistic about employment opportunities in the country and providing an impetus to the economy, the government recently announced Foreign Direct Investment (FDI) reforms in 15 sectors.
The Net Employment Outlook of 42% is derived by taking the percentage of employers anticipating total employment to increase and subtracting from this number, the percentage expecting a decrease at their location in the next quarter. ManpowerGroup is a global player providing workforce solutions.