India continues to be the most optimistic nation in terms of hiring plans for the next three months, driven by strong job opportunities across all sectors, including finance and real estate, Manpower India, the Indian arm of the global staffing services firm Manpower Inc, said on Tuesday.
According to the quarterly Employment Outlook Survey, India Inc's hiring outlook for the April-June, 2010 quarter has improved by four percentage points compared to the previous quarter.
With Net Employment Outlook of 39 per cent, Indian employers reported the most optimistic forecast among all 36 countries and territories that participated in the survey, it said.
''Employers remain optimistic on account of strong domestic growth. We are witnessing improved opportunities for job seekers across all industry sectors with employers indicating that hiring in India's services, finance, insurance and real estate sectors will accelerate in the months ahead,'' said Sanjay Pandit, managing director, Manpower India.
India has been reporting the strongest hiring plans globally since the third quarter of 2008.
The survey stated that job seekers in the services industry sectors - finance, insurance, realty, manufacturing, mining and construction - can look forward to the most favourable hiring environment during the April-June timeframe.
Moreover, job prospects in the Asia Pacific region continue to remain strong, with the exception of Japan. Hiring outlook continues to improve modestly in most of the American region.
Employer hiring intentions are strongest in India, Brazil and Taiwan, while in the US these remain unchanged from three months ago period, but are more optimistic compared to last year this time, Manpower said.
'' The growing confidence could be attributed to robust industrial output, a continuous surge in demand in consumer goods, auto sector and bounceback in IT and ITeS sectors,'' Pandit said about India.
Employers in finance, insurance and real estate sectors also report a four percentage point improvement in net employment outlook over the last quarter.
The softest hiring pace in India is reported by employers in the transportation and utilities sector (28 per cent) while employers in the manufacturing sector (38 per cent) have reported substantial improvement in their quarter-over-quarter (QoQ) hiring outlook.
Moreover, companies in all four regions of the country expect year-over-year hiring activity to improve considerably, to 42 per cent in the east, 40 per cent in the west, 37 per cent in the north and 40 per cent in the south.
The survey is conducted on a quarterly basis to measure employers’ intentions to increase or decrease the number of employees in their workforce during the next quarter. According to the survey, globally employers in 27 out of 36 countries and territories expect positive hiring activity in Q2, while those in eight report negative outlook.
The results of the survey are based on interviews with over 5,381 employers in India.
Reproduced From Mail Today. Copyright 2010. MTNPL. All rights reserved.
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