Manpower Group conducted the Manpower Employment Outlook
Survey for the first quarter 2015 by interviewing a representative sample of 5,108
employers in India.
Participants were asked how they anticipate total
employment outlook at their location to change in the three-month that ends in
March, 2015 as compared to the current quarter.
These employers are highly
optimistic and report dynamic hiring prospects during the period January-March.
Out of all the employers interviewed, 44% of the employers foresee an increase
in hiring levels whereas only 3% forecast a decrease and 34% predict no change;
the figures result in Net Employment Outlook of +41%.
As per the report, ‘Once the data
is adjusted to allow for seasonal variation, the Outlook stands at +45% for the
second consecutive quarter. Year-over-year, hiring prospects improve by 12
percentage points.”
The striking Feature of the report is that job seekers
can expect the strongest hiring pace in finance, insurance and real estate
since 3Q 2012 in the period January-March, 2015, as per the employers who
report a Net Employment Outlook at +48%. Compared to the previous quarter,
hiring intentions improve by 3 percentage points; the same is 12 percentage
points stronger year-over-year.
The survey covers seven sectors. The overall key features
of the report are:
Organisation-Size
Comparisons: Employers
in both Large and Medium organizations-size categories forecast payroll gains
during the period. With an outlook of +45%, large employers indicate bullish
hiring intentions whereas with +37% Outlook medium employers predict robust
gains.
Regional
Comparisons: Hiring
levels is expected to grow in all four regions of East, West, North and South.
However South and West regions report the strongest hiring intentions where Net
Employment Outlooks stand at +46% and +45%, respectively. North based employers
are also bullish on hiring intentions with an Outlook of 42%, which is 31% for
employers in the East.
Sector Comparisons: Workforce gain is expected by
employers in all seven industry sectors during the period Jan-March. However
the most strong gain is expected in the Wholesale
& Retail Trade sector where employers report a Net Employment Outlook of
+54%. Vigorous hiring activity is expected in the Finance, Insurance & Real
Estate sector and the Services sector with an outlook of +48% and +47%, respectively.
At third place is Transportation & Utilities sector with an Outlook of +45%.
Get the complete report at manpowergroup.com/press/meos_landing.cfm.
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