Indian employers have the most
bullish employment outlook across the world with 46 per cent of them planning to increase their headcount in the next three months, according to Manpower Employment Outlook Survey.
The 46 per cent figure is derived on a seasonally adjusted basis for the three-month period starting July, the most optimistic hiring environment across the world. However, the figure has come down from 51 per cent for the April-June quarter.
Commenting on the survey results, Manpower India managing director (MD) Sanjay Pandit said, "Inflation and the growing labour market may be exerting some pressure on organisations throughout India. Even then the hiring sentiments remain positive in almost all the sectors for the third quarter of 2011."
The strongest forecasts are reported in the manufacturing and the finance sector followed by insurance and real estate sector, with net employment outlooks of over 56 per cent and 55 per cent, respectively. Dynamic hiring activity is also expected in the public administration and education sector and in the wholesale and retail trade sector with outlooks of over 52 per cent. Much of the general sense of optimism is attributed to the manufacturing sector, which is expected to generate the maximum number of jobs.
Hiring intentions for the next three months are strongest in India, Brazil, Taiwan, Turkey and Singapore. Spain, Greece, Italy and Ireland showed the weakest outlook with negative forecasts. Job prospects improved in 20 of 39 countries and territories where Manpower conducts its survey compared with the previous quarter. Hiring intentions were flat in four other economies, including the United States, and worsened in 15 nations.
Read which the are the best companies to work for When compared with the third quarter of last year, the job outlook improved in 24 economies and worsened in nine countries, including China, where employment growth appears to be reaching a plateau, according to Manpower.
"Globally, India has the most optimistic outlook, but it is lower than last quarter. Employment outlook is still bullish, employers are still hiring, but they are not as optimistic in their hiring trends as they were in the last quarter," Manpower India head (sales & marketing) Namr Kishore said.
The survey that covered 4,555 employers across India indicated that employers in all seven industry sectors and all four regions of India reported positive hiring plans for the next three months.
Read how social media is helping Indian employers in finding the right candidatesSector-wise, job seekers in the wholesale & retail trade has a net employment outlook of 51 per cent followed by the service sector (48 per cent) in the next three months, while the country's weakest yet positive hiring plans are reported by employers in the public administration & education sector (34 per cent).
"The impact of inflationary pressures and the measures taken by the government thereof are quite visible as there is a slowdown in manufacturing, construction and real estate, which require cash flows and investments," Kishore added.
Zone-wise, the eastern region reported the country's strongest hiring expectations at 49 per cent, followed by the north (48 per cent), west (45 per cent) and south (43 per cent), the report said.
Globally, third quarter hiring expectations are positive in 35 of 39 countries and territories where the survey was conducted, with employers in the Asia Pacific region reporting the most positive employment outlook.
Courtesy: Mail Today
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