Hiring to remain steady in Q2: Survey

Hiring activities are likely to remain moderate in the next three months as employers are adopting a cautious approach amid uncertain market conditions, says a survey.
    
According to the survey by recruitment tendering platform MyHiringClub.com, the country's net employment outlook an indicator of recruitment intentions stood at 39% in July-September, which was same in the first quarter as well, reflecting steady and stable environment for job seekers.
    
"Hiring intention is steady and stable in second quarter of current fiscal year. Employers are not very keen to fill their all vacant positions in coming quarter. They are going to be hire but not on the speedy pace," MyHiringClub.com and FlikJobs.com CEO Rajesh Kumar said.
    
"Current economic and market condition is not good for hiring activities. Employers are just waiting for improvement in conditions. They don't want to fill more than 50%-60% of their current vacant positions," Kumar added.
    
On a quarter-on-quarter basis, the outlook has improved by a moderate 4 percentage points, and on a year-on-year basis it has seen an improvement by 2% points, the survey said.
    
Region wise, employers in all four regions predict a strong employment market in the second quarter of fiscal year 2013, with South being the most optimistic where the net employment outlook stood at 31%, followed by the North (24%), East (23%) and West (22%).
    
The survey, conducted among over 3,000 employers in India, said hiring intentions have strengthened in all four regions both in terms of year-on-year as well as quarter-on-quarter basis.
    
A sector-wise comparison shows that employers in all nine industry sectors expect headcount to grow during the second quarter of FY'13. The most optimistic projections are reported in the IT & ITeS sector, with a strong net employment outlook of 22%.
    
FMCG is the second-most optimistic sector with a net employment outlook of 18%, followed by infrastructure and retail 16% each, banking and financial services and automobile and manufacturing space at 11 per cent each, telecom (9%) real estate (7%) and business services (3%).