Hiring activities likely to improve in next 3 mnths: Survey
Hiring activities are expected to pick up in the next three months as companies, especially in in the IT and FMCG sectors, seem to be bullish on business prospects, says a survey.
Hiring activities are expected to pick up in the next three months as companies, especially in in the IT and FMCG sectors, seem to be bullish on business prospects, says a survey. According to the survey by recruitment tendering platform MyHiringClub.com, the country's net employment outlook, an indicator of recruitment intentions, rose by two percentage points to 40 per cent in January-March quarter reflecting a positive environment for job seekers.
"Employers seem to have positive attitude toward hiring new employees for the next three months. Despite several economical and political issues, recruitment outlook for coming quarter is expected to be healthy compare to the last quarter," MyHiringClub.com CEO Rajesh Kumar said. "It would not be strong employment, but we will get some good months where jobs will surprise on the upside," he added.
On a quarter-on-quarter basis, the outlook has improved by three percentage points and on a year-on-year basis it has seen an improvement by two percentage points, the survey said. "Indian employers predict steady headcount growth during the fourth quarter, with 41 per cent predicting an increase in headcount, 8 per cent forecasting a decrease, 39 per cent anticipating no change and 12 per cent does not know, the resulting net employment outlook stands at a favourable 40 per cent," the survey said.
A sector-wise comparison shows that employers in all nine industry sectors expect headcount to grow during the fourth quarter of FY'13. The most optimistic projections are reported in the IT and ITeS sector, with a strong net employment outlook of 23 per cent. FMCG is the second-most optimistic sector with a net employment outlook of 19 per cent , followed by retail 18 per cent, banking and financial services and automobile and manufacturing space at 11 per cent each, telecom (9 per cent) real estate (7 per cent) and business services (3 per cent).
Region wise, employers in all four regions predict a strong employment market in the fourth quarter of fiscal year 2013, with South being the most optimistic where the net employment outlook stood at 31 per cent followed by the North (24 per cent), West (22 per cent) and East (23 per cent). 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.