Indian companies report bullish hiring outlook
36% of companies planning to add more staff in the next 3 months: Report
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New Delhi: Employers in India continue to report bullish hiring outlook for the upcoming June quarter, with 36 per cent of companies planning to add more staff in the next three months, a survey said on Tuesday.
According to the latest ManpowerGroup Employment Outlook Survey of nearly 3,150 employers, India reports the strongest outlook among 42 countries across the globe. For the April-June period, 50 per cent of employers are forecasting an increase in payrolls, 14 per cent anticipating a decrease and 33 per cent expecting no change, while 3 per cent are unsure, the resulting net employment outlook is 38 per cent. “India tops the list of countries across the globe with a Net Employment Outlook of 36 per cent despite organisations struggling to activate their hiring plans with talent shortages at 80 per cent,” ManpowerGroup said in a statement.
India’s net employment outlook has strengthened by 6 per cent since April-June 2023 and is down 1 per cent when compared to the same period last quarter. The Net Employment Outlook is derived from the percentage of employers anticipating an increase in hiring activity and subtracting from it the percentage of employers expecting a decrease. At 36 per cent, India reported the highest net employment outlook, followed by the US at 34 per cent, and China at 32 per cent. The global average stood at 22 per cent, while the weakest employment outlook was reported in Romania (- 2 per cent). “This is indeed a moment of pride for India.
We have been consistent in demonstrating our capabilities and leveraging our demographic dividend. Industries in Healthcare, Life Sciences and Renewable Energy are seeing rapid growth rates with the support of government initiatives,” said ManpowerGroup’s India and Middle East Managing Director Sandeep Gulati. Sector-wise, Healthcare and Life Sciences continues to dominate the market with strongest hiring intentions (44 per cent), followed by Communication Services (43 per cent), and Information Technology (41 per cent). The weakest outlook is indicated in Energy and Utilities (20 per cent).
