India Inc's hiring outlook for Jul-Sep most optimistic in 8 yrs: Survey
- IBEF
- June 15, 2022
The job market in India appears to be improving, with 63% of employers aiming to hire more people in the next three months in order to speed up the recovery and maintain economic development, according to the ManpowerGroup Employment Outlook Survey.
The labour market is showing signs of strength in the third quarter (July-September) of 2022 with a Net Employment Outlook of 51%, which is the highest in 8 years. For the September quarter, 63% intend to raise their personnel levels, 12% expect to reduce hiring intent, and 24% expect no change, resulting in a seasonally adjusted Net Employment Outlook of 51%.
The study of more than 3,000 companies in India found that hiring sentiments have increased by 46% when compared to the same period last year, and that there has been a 13% increase when compared to the April-June period.
Employers expect significant demand for talent across key areas, according to the poll, with digital roles driving the most demand. IT & Technology had the best prospects (68%) followed by Banking, Finance, Insurance, and Real Estate (60%), Other Services (52%), Restaurants and Hotels (48%), and Manufacturing (48%).
In the Asia Pacific region, the strongest hiring intentions were reported in India (51%), Singapore (40%) and Australia (38%).
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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