Hiring Likely to Slow Down in India-Survey Report

Survey conducted by ManpowerGroup revealed that hiring in India is optimistic (as of now), but hiring could slow down in the next quarter due to employers loosing confidence in the global markets. Below is an excerpt from the survey press release.

According to the Manpower Employment Outlook Survey released today, the survey of 5,118 employers across India indicates that the hiring activity will remain healthy but decline over the next quarter as employers become less confident. Yet, the seasonally adjusted Net Employment Outlook of +30% (India) is among the strongest in the 41 countries and territories where the survey is conducted. Similarly bright prospects are reported by employers in Taiwan (+37%) and Singapore (+30%).

“In the wake of uncertainties in global markets, employers in India are adopting a wait-and watch policy. This is probably the reason we are not seeing them commit to the same optimistic hiring plans they reported at the beginning of 2011. As a result, one of every four
employers is uncertain about their hiring plan for the last quarter of the year—an unusually high percentage when compared to past quarters,” said Sanjay Pandit, Managing Director of Manpower India. “But the hiring forecast in India still remains one of the most optimistic on the globe, and positive hiring intentions are reported in all regions and in all industry sectors led by a robust employer Outlook in the Services sector,” added Mr. Pandit.

Disclaimer: The survey was conducted by ManpowerGroup and the full survey report can be had from here.

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