India to remain promising hiring destination
Indian employees are largely flexible in picking locations of work, even as the job market at home continues grow at a robust pace, according to surveys conducted by two leading consulting and staffing firms.
The findings underscore as much the changes in workplace preferences of Indian employees in a fast globalising environment as the positive outlook among employers.
About 37 per cent Indian employers surveyed by HR consulting firm Manpower are expected to increase their staff through the April-June quarter, while only 1 per cent expect a downsizing and the rest expect no change.
The survey covered 5,279 Indian employers.
Manpower’s Net Employment Outlook rate for the upcoming quarter – the difference between the percentage of employers positive about hiring and those with no plans to hire – has improved by 5 percentage points from the same period a year ago.
The outlook is, however, somewhat subdued compared to the preceding January-March quarter.
Still, “India will continue to be a promising hiring destination,” Naresh Malhan, Managing Director, Manpower India told Hindustan Times.
Manpower surveyed 55,000 employers across 32 countries and India came second after Singapore among hottest destinations for job seekers.
“Compared from last year, sectors like finance, insurance, real estate, mining and construction, the services sector, transportation and utilities look promising in terms of job opportunities,” said Malhan.
Amongst the sectors, mining and construction sectors continue to be the one with maximum possible jobs indicating a 42 per cent hiring outlook followed by the services sector (the BPO and Information Technology Enabled services companies). Surprisingly, retail trade doesn’t indicate a very positive hiring and this could be attributed to the delayed rollouts and other challenges that the industry has faced last year, Malhan added.
In terms of regional hiring within India, southern-based employers were most upbeat about prospects. In the north, there is a five per cent decline in the outlook.
Meanwhile, a separate survey by consulting and staffing firm Kelly services showed an overwhelming majority of Indians are willing to relocate to a different city or country for better career opportunities.
Kelly’s worldwide survey covered 115,000 people across 33 countries, including 3,000 from India.
About 79 per cent of the Indians surveyed are willing to relocate to a different city for work. Further, about 78 per cent respondents expressed that they could move to a different country also in case their work required.