India at No. 4 in Hiring Sentiment, Shows Study

BENGALURU: India has one of the strongest hiring sentiments for the last quarter of 2019. A study by Manpower Group put India at No. 4, after Japan, Taiwan and the US. Japan had 26% of those surveyed being bullish on hiring, followed by Taiwan at 21%, the US at 20% and India at 19%. Chinese employers (4%) expect a cautious hiring climate in the coming quarter, reporting their weakest outlook in two years.

According to the survey of 5,131 employers across India, 20% of employers anticipate an increase in payrolls, 0% forecast a decrease and 52% expect no change. Sectors that are hot in the job scene are public administration, education, retail and services sector, with mid-caps positioned stronger than large-caps and small-caps.

Manpower said the government’s new measures to improve the MSME sector will aid growth. “The central government plans to disburse $1 billion to states for introducing skill development initiatives and higher education segment is expected to surge to $35 billion by 2025. So we expect opportunities to remain favourable for candidates with the right skills and flexibility,” said a senior spokesperson with Manpower.

The report also said, “Workforce gains strengthen in all seven industry sectors in the coming quarter. Public administration and education employers report the strongest hiring intentions with a net employment outlook of +27%. Respectable payroll gains are also forecast in two sectors with outlooks of +25% in the wholesale and retail trade sector and +22% in the services sector.” It further stated that “hiring opportunities were moderately good in mining, manufacturing, construction, utilities and transportation with an outlook between +11-16%.”

The survey expected hiring to be stronger in the North East compared to other regions. “The strongest labour market is expected in the East, where the net employment outlook stands at +38%. Steady workforce gains are also forecast in all the other three regions, South, West and North with outlooks of +19%, +18% and +16%, respectively,” said the report.

Source: ToI

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