A survey by MyHiringClub.com states that Indian employers are more upbeat about hiring during the October-December quarter of FY2012 than they were in the third quarter a year ago. According to the survey the country's net employment outlook - an indicator of recruitment intentions- stood at 27 per cent for the third quarter of FY'12. On a quarter-on-quarter basis, the outlook has improved by a moderate 9 percentage points, and on a year on year bass the outlook has improved by a considerable 12 percentage points.
The survey, conducted among nearly 2,600 employers, found that all nine sectors and all four regions of the country had positive hiring plans for the third quarter of FY'12. As per the report the infrastructure sector has the most bullish hiring plans, with a net employment outlook of an impressive 21 per cent for the October-December period of 2011, which is 27 percentage points higher than the sectors' net employment outlook for the third quarter of FY'11. Similarly, in the FMCG sector, the net employment outlook stood at 19 per cent for Q3 of FY'12, 10 percentage points higher in comparison to the year-ago period. As for the banking and financial services industry in terms of hiring optimism, the net employment outlook is pegged at 18 per cent for the October-December period of 2011.
Region-wise analysis of employers in all four regions predicts a strong labor market in the third quarter of FY'12, with the most optimistic forecast for the South, where the net employment outlook stood at 29 per cent, 17 percentage points higher in comparison to the third quarter of FY'11. The net employment outlook of the northern, eastern and western regions was also robust, at 26 per cent, 23 per cent and 22 per cent, respectively.