Job prospects in India among top four globally, finds Manpower survey
India ranked at fourth position with 18% of employers anticipating an actual rise in their staffing numbers. Photo: Pixabay
A Manpower Group Employment Outlook Survey revealed that India ranked at fourth position with 18% of employers anticipating an actual rise in their staffing numbers.
Manpower surveyed 4,389 employers across India for the study. AG Rao, Group Managing Director of ManpowerGroup India said , “The hiring outlook will move at a slow but steady pace as the Indian companies gauge the impact of the ongoing global slowdown compounded by automation in the IT sector and talent scarcity for niche skills. However, there will be great demand for high- skill jobs for the new positions created by automation."
Rao added, "Today companies are moving towards artificial intelligence & are best utilising technology to drive innovation in order to support the successful integration of new technology.
In the current employment scenario, job-seekers need to up-skill and diversify into new areas."
Net employment outlooks was highest in Taiwan with more than 25%, followed by Japan with 23% and Slovenia at 22%.
America, along with Hungary, stood at fifth position in net employment outlook with 17% each.
Globally, the group interviewed over 58,000 employers across 43 countries and territories to forecast labor market activity in Quarter 2 2017.
Even though this puts India amongst the top four in the world, job prospects have declined as compared to 24% during first quarter of 2017.
With this, India's net employment outlook has dipped for the fifth consecutive quarter.
On year-on-year basis comparison, outlook has decline in all seven industry sectors, with manufacturing sector and the mining & construction sector seeing major declines of 27% and 24% points, respectively.
Rao added, "The government is putting efforts towards creating jobs and making India a manufacturing hub. Budget 2017 is further expected to favor more foreign investments in India and initiatives like 'Make in India' should drive global companies to set-up manufacturing facilities in India."