The Hindu Business Line : ‘Slower hiring pace by Indian employers’

The global slowdown seems to be impacting the hiring plans of employers in India with only 19 per cent employers having positive recruitment plans in the next three months, according to a Manpower Employment Outlook survey.

This outlook represents a considerable decrease of 24 percentage points quarter-over-quarter and 27 percentage point year-over-year. Of the 33 countries and territories surveyed globally this quarter, employers in Peru are the most optimistic with net employment outlook of 24 per cent.

Positive intentions

“Though hiring intentions remain positive, Indian employers are reporting a much slower hiring pace as compared to the last quarter and year.

“Employers in all the seven industry sectors and four regions have reported considerable declines in anticipated hiring activity for the first quarter of the new year, reporting the weakest outlook observed in India since the survey began in the third quarter of 2005,” said Mr Naresh Malhan, Managing Director, Manpower India.

He said, “The times may seem challenging but the employment scenario in the country is not as gloomy as the rest of the world and according to the survey, India will be one of the actively hiring nations for the first quarter in 2009.”

Mining & construction

Employers in the mining and construction sector for the third consecutive quarter reported the most optimistic hiring intentions with a net employment outlook of 23 per cent, though the outlook shows a steep decline in employer hiring confidence of 31 and 30 percentage points quarter-over-quarter and year-over-year, respectively.

Employers in the services sector and the mining and construction sector are expecting the most active hiring environment in the coming quarter with a net employment outlook of 23 per cent.

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