India Inc Hiring Outlook Promising For Q3, Fiscal 2015: Survey

Tuesday, 30 September 2014, 11:30 Hrs
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NEW DELHI: The next three months are likely to favour job aspirants, with 81 percent of the Indian employers predicting a robust hiring activity, says a survey.



According to a survey by MyHiringClub.com, the nation's net employment outlook -- an indicator of recruitment intentions -- stands at 44 percent for October-December period of current fiscal 2014-15, representing favourable opportunities for job seekers.



The outlook has improved by a moderate two percentage points on quarter-over-quarter basis as well as year-on year.



As per the findings, of the 5,700 public and private employers surveyed, a majority (81 percent) have predicted an increase in headcount for the third quarter of fiscal 2014-15, the report said.



"Job seekers will be going to get more opportunities as our study shows the India's employment markets will experience positive hiring activity compared to Q3, FY'14 and Q2, FY'15," MyHiringClub.com & FlikJobs.com CEO Rajesh Kumar said.



"The good news is that many markets appear to be heading in the right direction," Kumar added.



Sector-wise, seven of the nine industries surveyed have positive hiring prospects, with employment in infrastructure and the retail sector projected to be most promising with improvement of 12 and 8 percentage points respectively, year-on-year.



The strongest hiring prospects are reported in the IT & ITeS sector with a Net Employment Outlook of 47 per cent.



This sector is followed by Banking & Financial Services sector (45 per cent), FMCG/FMCD (41 per cent), Infrastructure sector (40 percent), Automobile & Manufacturing (39 percent), Retail (37 percent).



The weakest sectors were Real Estate (36 percent), Telecom (36 percent) and Hospitality (32 percent).



A region-wise study of employers in all four regions -- North, South, East and West -- predicted a strong employment market for the third quarter of FY'15, with the most optimistic forecast for the Southern parts of the country.



The net employment outlook for the South stood at 29 percent for the next three months. Outlooks for the North, West and East are 27 percent, 26 per cent and 18 percent, respectively.
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Source: PTI
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