That’s not all. Hiring intentions of Indian employers is in fact the strongest in the world followed by Brazil Taiwan Peru and Turkey according to a study by HR consulting firm Manpower Group in 41 countries.
The firm said on Tuesday that the hiring activity would be robust across corporate India in the second quarter of the year particularly in the services and financial sectors. Globally the weakest sentiments emerge in Greece Spain and the Czech Republic where a greater percentage of employers were planning to cut workforce.
The report says net employment outlook for India stood at +44% a rise of a percentage point against the first quarter of 2012 although there is a decline of 2% compared to the second quarter of 2011. Hiring intentions across India Inc took a beating in the last two quarters with a sluggish macro-economic picture and policy paralysis of the central government
Services to offer maximum jobs
Employers in all four regions of the country expect bullish hiring activity in the second quarter of 2012 said the survey by HR consulting firm Manpower Group. Job opportunities will be the highest in the services sector at +59% and other industries like finance insurance and real estate which will see an employment of +51% while the weakest outlook is reported by employers in the public administration and education at +38% sectors.
“The dynamic outlook in the services sector is being fuelled by the IT industry’s highly optimistic hiring plans especially by India’s technology giants. Similarly PSU banks are also expected to hire thousands to support expansion plans further boosting the sector’s Outlook” said Sanjay Pandit MD of Manpower India. “The outlook is positive in all geographical regions with the western region showing the highest optimism where about half of the surveyed employers are planning to add employees” he added.
“In 2009 second quarter when the Lehman crisis started to have an impact on hiring sentiments the net employment was down to a low of +22% half of what we are presently in. This shows that the current situation is pretty robust and employers are willing to hire in big numbers unlike the 2008-09 recession” said Namr Kishore associate director Manpower Group India.