Manpower Survey: Recruitment levels to rise over next three months
The Manpower's Employment Outlook Survey released today shows that employers in India have the strongest hiring intentions for the 2011 second quarter. This report is released quarterly to measure employers' intentions to increase or decrease the number of employees in their workforce and indicates trend of hiring activities.
According to the survey which takes into account 5112 employers across the country, companies in India plan to recruit new employees at a fast pace over the next three months. The manufacturing industry expected to offer the highest recruitment at 56% followed by finance, insurance and real estate at 55%.
The survey also revealed hiring trends region wise with employers in the South having the strongest hiring expectations, with a net employment outlook of 58%, followed by North at 54%, East at 53% and West at 43%.
Incidentally the country’s net employment outlook, which is an indicator of recruitment intentions rose to 51% on a seasonally adjusted basis for the three-month period starting April. The same stood at just 43% for the first three months of this year.
Manpower India Head (Sales & Marketing) Namr Kishore commented, “This is the highest employment forecast since we started the survey in 2005 and is higher than witnessed in the pre-crisis period." He also mentioned that India is benefiting from the global economic recovery, especially in the US and the overall demand has gone up resulting in robust hiring trends.