Corporate India’s Hiring Outlook for July-September. Most optimistic in 8 years: Survey

Author: Nishu June 14, 2022

Debt mutual funds see Rs 32,722 crore outflow in May on rising interest rates


India’s job market looks optimistic with 63% of companies planning to add more employees over the next three months to speed up the recovery process and sustain economic growth, a survey said on Tuesday. .

According to the Manpower Group Employment Outlook Survey, the labor market is showing strong sentiments with a net employment outlook of 51% in the third quarter of 2022 (July-September), which is a record high in 8 years.

The Net Employment Outlook takes the percentage of employers anticipating an increase in total employment and subtracting from it expecting to see a decrease in employment in its place in the next quarter.

For the September quarter, 63% expect an increase in their staffing level, 12% expect a reduction in hiring intent and 24% do not expect any change, resulting in a seasonality of 51%. Adjusted net employment outlook.

“Despite rising inflation and geopolitical instability, there is a positive sentiment across sectors in India to accelerate the recovery process and sustain the country’s economic growth,” said Sandeep Gulati, Managing Director, ManpowerGroup India.

Compared to the same period last year, the hiring sentiment has improved by 46 percentage points, compared to a 13 percentage point increase over the April-June period, indicates a survey of over 3,000 employers in India.

The survey further noted that employers anticipate strong demand for talent in key sectors, and digital roles drive the most demand. IT and technology reported the strongest outlook (68%), followed by banking, finance, insurance and real estate (60%), other services (52%), restaurants and hotels (48% and manufacturing (48%) .

Gulati said, “The demand for Indian IT workforce across the globe coupled with the growing need for digitization, automation and tech enabled services in our country will keep the IT and technology sector at the top of the charts in the Indian job market.”

In the Asia Pacific region, the strongest intentions to recruit were reported in India (51%), Singapore (40%) and Australia (38%). Whereas, Taiwan (3%), Japan (4%), and Hong Kong (11%) reported the weakest hiring intentions.

Meanwhile, the recruitment prospects have strengthened for all the four regions of the country as compared to the last quarter and the same period last year. Hiring speed is similar in 3 out of 4 regions (North, West and South) where the net employment outlook is 53%. The survey said the outlook for the former was 41%.

Recruitment optimism is being undermined by the highest level of global talent shortage in 16 years, according to the survey. “Shifting demographics, which include declining birth rates and an increase in early retirees, mean talent is more scarce than ever,” it said.

Employers report difficulty filling open roles, with the most impact being felt in Taiwan, Portugal, Singapore, China, Hong Kong and India.

On the shortage of talent and the difficulties faced in finding the required soft skills to match the job, Mr. Gulati said, “We are facing an unprecedented demand supply gap as indicated by our Talent Shortage Survey. In order to bridge this, we are facing an unprecedented demand supply gap. Re-training and upskilling the workforce for the purpose of interoperability should be a top priority for employers as well as industry players like us.” The top five soft skills that organizations have a hard time finding include creativity and originality, critical thinking and analysis, reasoning and problem solving, leadership and social influence, and initiative.

14 June, 2022, 8:02 pm

News Cinema on twitter News Cinema on facebook

Tuesday, 14th June 2022

More Stories
England vs Senegal – World Cup 2022: Live score, team news and updates in last-16 clash
A Straw Leads to the Arrest of a Man Suspected in Bank Robberies, Officials Say
England vs. Senegal: A Heavyweight Faces a Big Test
Matt Hancock says he was ridiculed in Westminster for his faith in the Covid vaccine
Georgia, Michigan, TCU and Ohio State Are Playoff Semifinalists
Identical twins are handed $1.5M in damages after being falsely accused of cheating in medical exam
Matt Hancock accuses Michelle Mone of ‘wild accusations’ to try to help firm win Covid contract
Bigg Boss 16 Day 64 updates: Shekhar Suman breaks down in front of Bigg Boss dressed as MC Stan, Shiv, Priyanka and Archana.
Matt Hancock says ‘Boris Johnson’s dithering sparked winter lockdown’
The Prince of Wales shares behind the scenes snaps as he prepares for the Earthshot Prize awards
Prince William to push back any ‘wild claims’ in Harry and Meghan’s Netflix documentary
Meghan Markle’s mother Doria Ragland could make her TV debut in the Sussexes Netflix documentary
John Corry, Former Times Reporter and TV Critic, Dies at 89
PAK vs ENG 1st Test Day 4: Pakistan need 263 runs to win, 8 wickets still left
You can’t help falling in love with Thing in Netflix’s Addams Family spinoff, dares JACI STEPHEN
‘The Goonies’ home in Oregon sold to super-fan of the film after being listed at $1.63 million
2 killed, 7 wounded in rare anti-government protest in Syria
Jacinta Price accuses Albanese of bullying, gaslighting over Indigenous Voice to Parliament
Dramatic moment father saves his two-year-old daughter after she was ambushed by a coyote
Brett Henson: Man who allegedly stole a taxi from Sydney’s CBD is revealed to be Mirvac executive
France vs. Poland: Defending Champs Are Ready To Dig In
Angelina Jolie slams Brad Pitt over winery scandal, calling his allegations ‘frivolous, malicious’
Shocking moment man pulls baseball bat from his sweatpants and viciously beats man in NYC
Idaho victim’s parents cryptically claim ‘means of death’ between two of the girls ‘don’t match’
Shweta Tiwari’s daughter Balak sets hearts aflutter in black bangle-skirt set, WATCH
North Carolina Power Outages May Stem From Criminal Act, Officials Say
Angelina Jolie brands ex-husband Brad Pitt’s legal battle over winery ‘malicious’ and ‘frivolous’
ENG vs Senegal FIFA World Cup 2022 Live Streaming: How to Watch ENG vs SEN & Football World Cup Match Free Online & on TV in India?
Amid Churning Oil Market, OPEC and Russia Leave Production Unchanged
Farah Khan says we were curious if Malaika Arora could pull off ‘Saiyaan Saiyaan’.
‘I felt closer to my art,’ says Bapil Khan in a meeting with father Irrfan’s mentor.
WORLD CUP 2022 LIVE: England prepare for last 16 clash with Senegal
What do guys think when they flirt with you?
A Strike, Averted
France vs Poland – World Cup 2022: Live score, team news and updates in last-16 clash
Daughter Nysa stopped handling Devgan’s Instagram account due to Kajol’s dialogue skills
The Week in Business: Upheaval in China
Rashami Desai’s bold, killer look in a sexy black leather dress elevates the sass, watch
Manoj Bajpayee wraps up shooting for his upcoming courtroom drama- see pics
Brits expected to sink 15 MILLION pints as Three Lions take on Senegal tonight
Apoorva Agnihotri-Shilpa Sakhlani Welcome Baby Girl After 18 Years Of Marriage, Name Her Ishani- See Pic
England fans in Doha warm up for World Cup clash as Senegal sing OWN version of It’s Coming Home