Indian employers are the most optimistic about hiring, says
a survey by global placement company Manpower Inc, and job seekers
are likely to benefit from an active market through the end
of the year.
"With a Net Employment Outlook of +25 percent, Indian employers
report the most optimistic forecast among all 35 countries participating
in the survey," said the Manpower Employment Outlook Survey
released Tuesday 8.09.2009.
India's outlook has improved by 6 percentage points quarter-over-quarter,
but weakened by 14 percentage points when compared to the
fourth quarter last year.
The Net Employment Outlook in the last quarter in China was
+8 percent, Canada at +5 percent, while it was negative in
the US and Britain.
"We are witnessing a strong hiring trend in all regions
in India. North, East and West are all showing improved signs
compared to three months ago," said Manpower India managing
director Naresh Malhan.
"Indian employers have absorbed the layoffs conducted
in the third quarter of 2008 calendar year and are telling
us they will begin hiring again at a conservative pace, but
most intend to keep their workforce intact through the end
of the year," Malhan said.
The good news is that in the fourth quarter this year, job
seekers in key industry sectors can look forward to the most
favourable hiring environment."
Job seekers in the finance, insurance, realty, services,
retail, public administration, education and the mining sectors
can look forward to the most favourable hiring environment.
"We're also seeing accelerated hiring in India's mining
and construction sectors, thanks to government efforts in
support of infrastructure projects," said Malhan.
The most optimistic employment forecasts after India are
reported in Brazil, China and Australia.
"Eighty percent of employers in Europe are telling us
they will make no changes to their staff, which will most
likely lead to some labour market stability in the fourth
quarter," said Malhan.
"The manufacturing sector throughout Europe will continue
to encounter a difficult market. This is most evident in Germany,
where employer hiring expectations have grown progressively
weaker for six consecutive quarters."
Source: IANS
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