India Inc Charged up About Hiring in July-Sept – Prachi Verma New Delhi

DREAM RUN It’s a job seekers’ market, as employers and staffers are hopeful about prospects

India Inc is hopeful of buoyant hiring in the JulySeptember quarter, according to the latest Manpower Employment Outlook Survey.

Companies from sectors like finance, insurance, real estate, services, mining and construction are the most optimistic. Also, employers in the South and East anticipate the most opportunities for job seekers in the months ahead, according to the survey, shared exclusively with ET. The survey covered over 5,000 employers across the country.

“India stands second globally after Taiwan to report the region’s most optimistic hiring plans,“ said AG Rao, group managing director at ManpowerGroup India.

With the government’s top priority being revival of the manufacturing sector, job seekers are likely to benefit from potential employment opportunities.Creating an employable workforce through apprenticeships can prove to be an important step in this regard, he added.

Employers are looking for expertise in new technologies to build networks in Tier-II and III locations. Further, with the government’s thrust on infrastructure projects across oil & gas, power, telecom and water, the job creation process has been revived in engineering, procurement and construction sector, Rao said.

For all seven sectors that the survey covers, the overall hiring outlook remains high in terms of quarter-on-quarter comparison.

But in a year-on-year comparison, hiring plans weaken in all seven industry sectors and in three regions. In the year-onyear comparison, of the four regions, only East India remains positive in its hiring outlook for the next quarter.

The wholesale, retail sector, public administration and education sectors reported significant decline in hiring outlook and plans, the report states. ManpowerGroup, which held a similar survey in over 40 countries (including India), reports that Taiwan, India, Japan, Hong Kong and the US are the strongest in their hiring outlook. The weakest -and only negative -third-quarter hiring plans are reported in Italy and Brazil.

ManpowerGroup interviewed nearly 59,000 employers across 42 countries and territories to forecast labour market activity in the July to September quarter.

Hiring prospects improve in 11 countries and territories in a quarter-on-quarter comparison, but decline in 22. Outlooks strengthen in 15 countries and territories year on year, but decline in 23.

Employers in nine of 10 countries in the Americas expect to grow staffing levels in the next quarter. Employers in the US report the region’s strongest hiring plans, while the negative forecast from Brazil’s employers is the weakest.

Source : The Times of india

Date : 9th June 2015

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