India still tops in hiring plans
India tops a list of nations likely
to keep a steady pace of hiring in the April-June quarter of 2009 with one in
every four Indian companies surveyed saying it plans to recruit. South Africa
came second in the 33-country study that featured 3,600 Indian companies and
72,000 employers worldwide, according to HR consulting firm Manpower.
The survey’s benchmark net employment outlook (NEO) for India improved from 19%
in the previous quarter to 25% in April-June, said the firm’s India MD Naresh
Malhan. NEO is arrived at subtracting the percentage of employers expecting to
see a decrease in employment at their location in the next quarter from those
anticipating total employment to increase.
India had registered a NEO of 42% for Q2 2008, which has now dipped to 25%,
indicating the impact of the global slowdown. The relatively slow pace of
hiring in the second quarter can be attributed to the employers’ focus on
maintaining their workforce at current levels. Also, hiring intentions across
all industry sectors have softened, as organisations review their requirements
at the beginning of the fiscal year,” Mr Malhan said.
Employers
in all the seven industry sectors surveyed said they expected the headcount to
grow in the next quarter. The services sector was the most optimistic with a
strong net outlook of 29%. Sectors such as transportation & utilities,
(23%) manufacturing (22%), public administration & education (22%),
insurance, finance and real estate (21%) are all likely to see robust hiring in
the next quarter.
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