India 2nd Most Optimistic In Hiring, Growth Momentum Slows

NEW DELHI: India has retained its second position globally in terms of hiring outlook of companies, but the pace of job additions will slow over the next three months, global staffing firm ManpowerGroup said.

While Taiwan has kept its top slot globally in the quarterly Global Economic Outlook survey, the hiring activity in India is expected to be largely driven by startups and demand in rural and semi-rural areas in the September quarter of 2015.

According to the Manpower Employment Outlook Survey released today, out of 5,007 employers across the country, 37 per cent have been bullish about hiring plans, and job seekers are expected to benefit from this robust labour market scene.

Although the findings indicate payrolls growing in July-September, the overall hiring momentum will be a tad slower compared with the prior quarter and the same period a year ago.

"With government initiatives, a concrete policy framework, economic boom and entrepreneurial opportunities, it's a good time for job seekers," ManpowerGroup India Group Managing Director A G Rao said.

Rao added that "growth in hiring is expected to continue in 2015 as employers across sectors plan expansion in rural and semi-rural locations. Tier-2 cities, too, have witnessed start-up culture".

However, year-on-year, hiring plans weaken in all the seven industry sectors of the sample while on a quarter-on-quarter basis, outlook has dimmed in five.

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Source: PTI