Indian employers hiring outlook bleak in October to December
You may want to hold on to your jobs in the last three months of the year, from October to December, as the employment outlook seems pretty bleak in India.
The last quarter of this calendar year is estimated to have the lowest percentage growth of hiring outlook at 31%, Manpower Inc’s report that surveyed a total of 5,089 employers in India stated.
Manpower Inc’s net employment outlook for the last quarter of the calendar year in 2015 was at 40% which is almost 10% higher than the employment outlook this year.
The group’s sample surveys would begin by asking all the survey participants (employers) how they anticipate total employment at their location to change in the three months to the end of that quarter.
However, Indian employers were treading cautiously on account of a ‘global slowdown.’
A report by PTI quoted A G Rao, Group Managing Director of Manpower Group India who said that the hiring outlook reflects some signs of increased caution among employers as Indian companies gauge the impact of the ongoing global slowdown compounded by automation in the IT sector and talent scarcity.
Quarter-on-Quarter (QoQ) there has been a steady decline in hiring outlook that reached the biggest drop of 5% in outlook for this quarter, which has been the lowest this year.
Indian employers in public administration and education sector has the lowest hiring outlook of 21%, followed by transportation and utilities which was at 22%.
However India is seen to be in a better place 'jobwise' as compared to other countries like Japan, Taiwan, Brazil, Belgium, Finland, Italy and Switzerland, the PTI story reported.
The beginning of the year projected dynamic plans by 41% employers to increase staffing in Indian firms, Manpower reported in Q1.
Transportation and utilities sector had started the year off with a 43% positive outlook on hiring potential but the QoQ change reported this sector to be one of the worst effected in the last quarter of the year.
The sector reported a 12% drop in outlook which was the same as mining and construction sector.