Hiring activities are likely to remain moderate in the next three months as employers adopt a cautious approach, says a survey.
According to the survey by recruitment tendering platform MyHiringClub.com, the country’s net employment outlook, an indicator of recruitment intentions, stood at 38 per cent in July-September, which was almost the same as in the first quarter, reflecting a steady and stable environment for job seekers.
“The employment outlook in India is stable and steady in the second quarter of the current financial year. Indian employers indicated they intend to scale back their hiring plans,” MyHiringClub.com CEO Rajesh Kumar said.
However, Kumar said recruitment activity in sectors such as FMCG, retail, banking, financial services and insurance, infrastructure and IT and the IT-enabled sector would be positive in the coming quarter.
On a quarter-on-quarter basis, the outlook has improved by a moderate one percentage point, and on a year-on-year basis it has improved by 12 percentage points, the survey conducted among nearly 5,000 employers in India noted.
Region wise, employers in all four regions predict a strong employment market in the second quarter of fiscal year 2013-14, with the South being the most optimistic where the net employment outlook stood at 27 per cent, followed by the North (26 per cent), East (25 per cent) and West (22 per cent).
A sector-wise comparison shows that employers in all nine industry sectors expect the headcount to grow during the second quarter of FY’13. The most optimistic projections are reported in the FMCG sector, with a strong net employment outlook of 39 per cent. Retail is the second most optimistic sector with a net employment outlook of 38 per cent, followed by banking and financial services (36 per cent), infrastructure (35 per cent) and telecom and IT and the IT-enabled sector at 33 per cent each, the hospitality and real estate space at 31 per cent each and the automobile and manufacturing space at 29 per cent.