The Hindu Business Line : India employers most optimistic in hiring: Survey

Of the 32 countries and territories surveyed globally this quarter, employer hiring intentions continue to be robust in India with an overall Net Employment Outlook of 45 per cent, according to the Manpower Employment Outlook Survey.

The global slowdown has impacted the traditionally top countries in the quarterly survey such as Singapore and Peru, which follow India closely at second and third spot with 42 and 40 per cent, respectively.

Quarter three surveys represents an increase of six percentage points quarter-over-quarter and a 7 percentage points increase year-over-year.

Employers in the Services sector are notably optimistic about adding employees in the next three months.

Of the 5,636 employers surveyed, 45 per cent expect an increase in hiring activity in the third quarter of this year.

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 over the next quarter.

Employers in all eight countries and territories surveyed across the Asia-Pacific region anticipate positive hiring activity for the third quarter.

US slowdown impact

According to Dr Naresh Malhan, Managing Director, Manpower India, “While employers in India continue to show optimism in their hiring intent, the impact of the US slowdown has started showing its impact on mid-size companies, especially in the IT and ITeS domain.

Given the high dependence of some of these sectors on the US economy, companies are increasingly taking a cautious route when it comes to rolling out offers with majority of recruitment now being largely based on work requirement of the firms.

This impact will, however, be lesser in case of emerging economies in the East when compared with developed nations.”

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