India’s hiring outlook 2nd best in August-December period: Survey

According to a survey by staffing agency ManpowerGroup, 54% of the companies in the country are planning to hire

September 14, 2022

64% of the companies may increase their staffing levels

The seasonally adjusted Net Employment Outlook stood at 54%

Indian employers expect to increase payrolls across all four regions of the country, during Q4, 2022

Technology and IT sectors are leading the Net Employment Outlook at 63%

Recruitment trends in India between August and December are expected to be ranked second best in the world with 54% of the companies planning to hire in the country, according to a survey by staffing agency ManpowerGroup 

In the survey, 64% of the companies may increase their staffing levels, 10% expect a decrease in hiring intent, and 24% do not expect any change. The seasonally adjusted Net Employment Outlook stood at 54%.

Over 40,600 public and private employers across 41 countries, across various sectors and regions participated in the survey, for presenting potential employment trends every three months.  

Indian employers expect to increase payrolls across all four regions of the country during Q4 2022. North and South Indian employers showed a Net Employment Outlook of 56% and employers from the country’s East and West regions showed 53% and 47%, respectively. 

All 11 sectors are expected to witness an increase in payrolls. Technology and IT sectors are leading the Net Employment Outlook at 63%, followed by Banking, Finance, Insurance and Real Estate at 61%. 

Experts said that India’s growth in enhancing policies, increased investment in infrastructure, and rising exports, among other important headwinds, are nullifying short-term setbacks experienced by the country. 

Source: Economic Times