India Inc leader in global hiring trail

Mail Today Bureau;

New Delhi, March 10, 2010 India continues to be the most optimistic nation in terms of hiring plans for the next three months, driven by strong job opportunities across all sectors, including finance and real estate, Manpower India, the Indian arm of the global staffing services firm  Manpower Inc, said on Tuesday. According to the quarterly Employment Outlook Survey, India Inc's hiring outlook for the April-June, 2010 quarter has improved  by four percentage points compared to the previous quarter. With Net Employment Outlook of 39 per cent, Indian employers  reported the most optimistic forecast among all 36 countries and territories that participated in the survey, it said. "Employers remain optimistic on account of strong domestic  growth. We are witnessing improved opportunities for job  seekers across all industry sectors with employers indicating  that hiring in India's services, finance, insurance and real estate  sectors will accelerate in the months ahead," said  Sanjay Pandit, managing director, Manpower India. India has been reporting the strongest hiring plans globally since  the third quarter of 2008. The survey stated that job seekers in the services industry  sectors--finance, insurance, realty, manufacturing,  mining and construction--can look forward to the most  favourable hiring environment during the April-June timeframe. Moreover, job prospects in the Asia Pacific region continue to remain strong, with the exception of Japan. Hiring outlook  continues to improve modestly in most of the American region. Employer hiring intentions are strongest in India, Brazil and  Taiwan, while in the US these remain unchanged from three  months ago period, but are more optimistic compared to  last year this time, Manpower said. "The growing confidence could be attributed to robust industrial  output, a continuous surge in demand in consumer goods,  auto sector and bounceback in IT and ITeS sectors," Pandit  said about India. Employers in finance, insurance and real estate sectors also report  a four percentage point improvement in net employment outlook  over the last quarter. The softest hiring pace in India is reported by employers  in the transportation and utilities sector (28 per cent) while  employers in the manufacturing sector (38 per cent) have  reported substantial improvement in their quarter-over-quarter  (QoQ) hiring outlook. Moreover, companies in all four regions of the country expect  year-over-year hiring activity to improve considerably, to  42 per cent in the east, 40 per cent in the west, 37 per cent  in the north and 40 per cent in the south. The survey is conducted on a quarterly basis to measure  employers' intentions to increase or decrease the number of  employees in heir workforce during the next quarter. According  to the survey, globally employers in 27 out of 36 countries and  territories expect positive hiring activity in Q2, while those in eight  report negative outlook. The results of the survey are based on interviews with over  5,381 employers in India.