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Job scene in India getting hotter: survey

The job market is red hot, with financial sector and real estate leading the talent hunt, reports N Madhavan.

india Updated: Sep 12, 2007 03:30 IST
Narayanan Madhavan

The job market is red hot, with the financial sector and real estate leading the talent hunt. A quarterly global outlook for hiring by US-based consultancy firm Manpower Inc said on Tuesday that hiring intentions were the strongest in India since the survey began in 2005, with 47 per cent of employers surveyed giving a net indication of stepping up recruitments.

STUDY SAYS

In India, 4,922 employers across 30 cities were surveyed

49 per cent expect an increase in staffing levels for the quarter October-December, 2007; only 2 per cent expected a drop.

Employers in all 4 regions of India North, East, South & West anticipate positive hiring intentions

Global survey covered 52,000 employers in 27 countries

Manpower Employment Outlook Survey - Q4 2007

The ‘Net Employment Outlook’ represents a difference between the percentage of employers who expected to increase hiring activity in the next quarter and those who said they expect a decrease. While a net positive outlook is recorded with a plus mark, a negative outlook with a minus. Of the 4,922 employers surveyed in India, 49 per cent expected an increase; only 2 per cent expected a drop. Soumen Basu, executive chairman of Manpower India, said: “The optimism of Indian employers is reflective of the pace at which business throughout India is growing.”

Services, including software and BPO, scored a +54 per cent net outlook, up from +46 per cent in the last quarter; manufacturing scored +40 per cent, while ‘finance, insurance and real estate’ scored +51 per cent.

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