The Hindu Business Line : Employers bullish about hiring: Survey

According to the Manpower Employment Outlook Survey released here today, hiring intentions of Indian employers is the strongest of the 23 countries included in the survey. Employers in the finance, insurance and retail sectors are most optimistic in their hiring plans for the first quarter of next year.

Indian employers have reported a positive Net Employment Outlook of (plus) 27 per cent.

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, a Manpower release said.

Of the 4,288 employers surveyed in India, 30 per cent said they plan an increase in their hiring activity and only three per cent felt that there would be a decrease.

Around 47 per cent of the employers surveyed felt there would be no change in their workforce, while 20 per cent were unsure about their hiring plans.

The survey conducted in India included employers in seven industry sectors, namely finance and insurance, manufacturing, mining and construction, public administration and education, services, transportation and utilities, wholesale and trade. Positive hiring intentions are expected across all seven industry sectors, with employers in the finance, insurance and real estate sectors reporting most optimistic Net Employment Outlook of (plus) 32 per cent, followed by the services industry (plus) 30 per cent, transportation and utilities (plus) 27 per cent, manufacturing (plus) 25 per cent, wholesale and retail trade (plus) 25 per cent and public administration and education (plus) 24 per cent.

Employers in the mining and construction sector are relatively less optimistic but have a buoyant outlook of (plus) 21 per cent.

Besides India, other markets reporting strong hiring trends for the next quarter include New Zealand, Taiwan, US and Australia.