Light Rain
22°CMon :Isolated Thunderstorms. High: 32 Low: 21

India hiring outlook for Q3 2013 steady, but weakens over Q2

India hiring outlook for Q3 2013 steady, but weakens over Q2

New Delhi: A steady pace of hiring is expected in the country in July-September, however, job prospects are weaker in all major sectors and two of the four regions when compared with the previous quarter, HR consultancy Manpower said.

According to the Manpower Employment Outlook Survey that covered 5,265 employers across India showed that the country’s net employment outlook — an indicator of recruitment intentions — stood at 18 percent for the third quarter (July-September) of 2013.

“Employers expect positive hiring activity in all seven industry sectors and all four regions during Quarter 3 2013 but when compared with 3Q 2012, weaker hiring intentions are noticed,” ManpowerGroup India Group Managing Director A G Rao said.

Employers have been scaling their hiring plans downwards in the past few quarters, a development which has been attributed to unfavourable market conditions.

“But alongside the crimped demand, our IT sector continues to be the pillar of strength in the current market scenario and job seekers are expected to find a good number of opportunities in the upcoming quarter,” Rao added.

Most optimistic hiring plans were reported in wholesale and retail trade sector and the services sector, where net employment outlook stood at 27 percent and 26 percent, respectively and employers in the southern region are most optimistic, where net employment outlook stood at 30 percent.

Interestingly, while more than a quarter of the employers surveyed indicated they will add staff in the next three months, suitable employability skills are difficult to find.

“Candidates require employable skills. It is imperative to impart domain knowledge and relevant skills through teaching methods, pedagogical tools, industry and alumni interface to the graduates to be successful and productive at the work place arena,” Rao added.

Job seekers in most of the 42 countries and territories surveyed can expect to benefit from varying degrees of positive third-quarter hiring activity with employers in 31 countries and territories planning to boost payrolls.

Yet the third-quarter research provides little evidence that global hiring plans are improving by any notable degree.

Worldwide, hiring expectations are strongest in Taiwan, Brazil, Panama, Peru and Turkey. The weakest opportunities for job seekers are expected in Italy, Ireland and Spain.

“Employers around the world are growing accustomed to unpredictable economic conditions and are becoming increasingly agile in the face of an ever-changing environment,” ManpowerGroup Chairman and CEO Jeffrey A Joerres said.

 

Top Stories

relaiancecapital1--621x414

Reliance Group to request new banking license permit with Nippon

September-01-2014
Mumbai: Reliance Capital Ltd, some piece of the Anil Ambani-controlled Reliance Group, said on Monday it will request another keeping money permit
1365433816-0319

United Bank of India announces Kingfisher Airlines wilful defaulter

September-01-2014
The United Bank of India on Monday announced the grounded Kingfisher Airlines and executive Vijay Mallya an alleged ‘wilful defaulter’, making it
264144-rajnath

Rajnath Singh has no arrangements to meet Pak partner at SAARC: Home Ministry

September-01-2014
The Home Ministry today rejected reports that Rajnath Singh has arrangements to meet his Pakistani partner on the sidelines of the SAARC
36280888.cms

Nifty Hikes to 8,000 for First Time on GDP Boost

September-01-2014
BSE Sensex and Nifty surged to record highs after monetary development in the first quarter hit a nine-quarter high. Information discharged on
modi.222jpg

Japan invites Modi, talks underway to sign safeguard, exchange settlements

September-01-2014
Tokyo: Prime Minister Narendra Modi was agreed an authority welcome by the legislature of Japan on Monday. Joined by Japan PM Shinzo
cbi-2

CBI strikes living arrangement of MLA’s and former cops regarding Saradha trick

August-29-2014
GUWAHATI: The CBI on Thursday did look operations in a few prominent areas in Guwahati regarding multi crore Saradha trick. Sources said