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.

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.

HT Image

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.