India to see robust hiring in next three months: Manpower
Indian companies are lining up robust hiring plans for the next quarter, beginning April 1, making India the most optimistic country in terms of job creation, a survey said today.business Updated: Mar 13, 2012 15:02 IST
Indian companies are lining up robust hiring plans for the next quarter, beginning April 1, making India the most optimistic country in terms of job creation, a survey said on Tuesday.
A dynamic pace of hiring are expected across all the regions in the country during April-June period of 2012, while services and financial sectors could see the maximum job creation activities, HR consultancy major Manpower said in its quarterly Employment Outlook Survey.
As per the survey, which covered 4,992 employers across India, the country's net employment outlook -- an indicator of recruitment intentions -- rose to 44 per cent for the second quarter of 2012, up from 41 per cent in the first quarter.
India has been the most optimistic nation worldwide in terms of hiring intentions and creating jobs for the last five years, except for the fourth quarter of 2011 when it had slipped to second position below Taiwan.
In terms of strongest hiring expectations of employers, India is followed by Brazil, Taiwan, Peru and Turkey. The hiring plans have been found to be weakest in Greece, Spain and Czech Republic and a greater percentage of employers are planning to trim payrolls, than hire staff in these places.
Job seekers can expect the maximum opportunities in the services sector (59%), followed by finance, insurance and real estate sectors. The weakest job outlook has been reported by the employers in the public administration and education space (38%).
"The outlook in the services sector is being fueled by IT industry's highly optimistic hiring plans. Similarly, PSU banks are also expected to hire thousands to support expansion plans further boosting the sector's outlook," Manpower India managing director Sanjay Pandit said.
Employers in all four regions of the country anticipate a dynamic hiring pace in the next three months and the the outlook for all of them has improved since the last quarter.
Manpower Group India Associate Director Namr Kishore said that employers are optimistic, but at the same time they are also cautious amid a global economic uncertainty.
If the economic scenario worsens, employers could hit the pause button, he said, while adding that the uncertainty worldwide has although helped Indian economy to some extent.
Though the business coming from European markets has been impacted, a lot of business that could have gone from the US or other regions to Europe, are coming to India and creating more jobs here, he said.
Kishore further said that Indian employers are looking forward to the government to take further measures in the upcoming budget to boost the economy. Growth is badly needed to create more jobs, he noted.
"If the budget is progressive and government shows certain measures to boost the economy, one expect the employment outlook further improving in the next quarter further," Kishore added.
Globally, on employment outlook has declined in 11 countries and territories from the first-quarter levels, while it improved in as many as 23 regions. From the year-ago levels, the job outlook has worsened in 24 countries and territories, while improving in 13 others.
The employers in the US have also reported their most optimistic forecast since the fourth quarter of 2008.
In the Asia Pacific region, Hong Kong and Japan were found to have weakest hiring plans, although the hiring outlook of Japanese employers for second quarter -- the country’s traditionally peak hiring period -- has reached its peak since 2008.