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India has emerged as one of the most optimistic economies in the world where more than two- thirds of employers are planning to add full-time and permanent workforce in 2013, reveals a study
India has emerged as one of the most optimistic economies in the world where more than two- thirds of employers are planning to add full-time and permanent workforce in 2013.
According to CareerBuilder's first annual job forecast for the 10 largest world-economies, as many as 67 percent of Indian employers plan to increase full-time permanent workers this year, 13 percent plan to decrease and 17 percent are expecting to make no change in the number of staff.
Emerging economies are the most aggressive in terms of hiring plans despite a slowing in economic expansion. As many as 71 percent of employers in Brazil intend to hire this year followed by India at 67 percent, China (52 percent), Russia (48 percent), the US (26 percent), Germany (29 percent), the UK (30 percent), Japan (22 percent), France (24 percent) and Italy (19 percent), the survey conducted by Harris Interactive said.
Brazil houses the largest percentage of employers adding headcount (71 percent), partly influenced by plans to host the upcoming World Cup and Summer Olympics and a better performing manufacturing sector.
Notwithstanding the fact that China and India's GDP have grown at a rate that far outstrips the rest of the world's major economies, more than half of employers in China and two-thirds in India plan to hire in 2013, the survey that covered over 6,000 hiring managers during November 2012, said.
"Hiring activity in the BRIC countries (Brazil, Russia, India and China) is projected to be significantly higher than other markets while recruitment in Europe remains sluggish as leaders struggle to resolve a debt crisis that has global implications," CareerBuilder CEO Matt Ferguson said.
Ferguson added that "the overall hiring picture is improving, but companies will remain watchful as they navigate headwinds and manoeuvre through somewhat precarious economic terrain." Meanwhile, one-third of Italian employers (33 percent) expect to downsize staff, the highest of the top-10 economies, while recruiting activity in France is expected to be flat.
In the US, concerns over the fiscal cliff during the time of the survey may have resulted in more conservative predictions, but hiring activity has been on a gradual upward trajectory. Around 26 percent will add new jobs this year. Across major markets, employers are most likely to hire for positions that are closely tied to revenue and innovation.
In case of India, the top areas organisations will be hiring for included information technology, marketing and customer-service, the survey said.
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