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Job market to remain buoyant, says Manpower Survey

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  • Job seekers take heart. The job market in India is expected to remain buoyant in the coming months, says a survey.

    Of the 26 countries surveyed this quarter, Manpower Employment Outlook says Indian employers reported a strong net employment outlook of 42 per cent, indicating that the strong hiring seen over the past six months should continue through year-end. However, Q4 outlook was one percentage less than Q3 outlook.

    Of the 4,732 employers surveyed in India, 45 per cent expect their staffing levels to go up while only 3 per cent expect a decrease in their staffing levels. With 41 per cent of employers expecting no change and the remaining 11 per cent unsure of their hiring plans, Indian employers continue to show their optimism about hiring over the next quarter.

    The net employment outlook is derived by taking the percentage of employers anticipating total employment to increase, and subtracting from this, the percentage expecting to see a decrease in employment at their location in the next quarter.

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    Commenting on the survey findings, Jeffrey Joerres, Chairman & CEO, Manpower Inc said, “The hiring intentions reported by employers across the sectors denote significant job opportunities and better prospects for Indian job seekers. The optimism shown by Indian employers is reflective of the rapid pace at which the Indian economy is growing.”

    Though most of the sectors chosen for the survey revealed a positive outlook, employers in the finance, insurance and real estate sectors are most optimistic about hiring next quarter.

    ... contd.

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