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Hiring outlook promising in India: Survey

Education NewsNew Delhi: The next three months are likely to favour job aspirants, with 81 per cent 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 per cent 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 per cent) 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 that India’s employment markets will experience positive hiring activity compared to Q3, FY’14 and Q2, FY’15,” myhiringclub.com and flikjobs.com CEO Rajesh Kumar said. 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 eight percentage points respectively, year-on-year. The strongest hiring prospects are reported in the IT and ITeS sector with a net employment outlook of 47 per cent. This sector is followed by banking and financial services sector (45 per cent), FMCG/FMCD (41 per cent), infrastructure sector (40 per cent), automobile and manufacturing (39 per cent), retail (37 per cent).

The weakest sectors were real estate (36 per cent), telecom (36 per cent) and hospitality (32 per cent). 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 per cent for the next three months. Outlooks for the north, west and east are 27 per cent, 26 per cent and 18 per cent, respectively.

Source: The Hans India

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