Employers expect hiring pace to rebound in Sep-Dec: Survey

Companies say, there is big opportunity for e-commerce sectors to add more jobs to labor market

Indian employers expect the September to December hiring pace to rebound from a year ago. According to the Manpower Employment Outlook Survey released today by ManpowerGroup, hiring intentions have rebound for the upcoming quarter in all industry sectors and regions and overall hiring pace is expected to be vigorous. 

 

AG Rao, Group Managing Director of ManpowerGroup India  said that in the coming quarter, the situation looks more promising with the recovery made by IT firms and allied companies. "There is a big opportunity for the e-commerce sectors to add more jobs to the labour market. The future demands in the IT sector for skills would include web analytics, design skills, IT Languages, Sector knowledge, understanding on security issues, database management and analysis skills," said Rao. 

 

 

The survey said that while 41% of employers expect payrolls to increase, 1% forecast a decrease. Further, 48% anticipate no change, resulting in a Net Employment Outlook of +40%. The Net Employment Outlook figure is derived by taking the percentage of employers anticipating total employment to increase and subtracting from this the percentage expecting to see a decrease in employment at their location in the next quarter. The result of this calculation is the Net Employment Outlook.
 

Internationally too, the global Manpower Employment Outlook Survey said that general labour market conditions are expected to remain mostly positive with employers in 29 of the 42 countries and territories reporting that they plan to boost payrolls by varying degrees during the fourth quarter. Worldwide, hiring expectations are strongest in India, Taiwan, Panama, Singapore and Brazil. The weakest opportunities for job seekers are expected in Italy, Spain and Finland.

 

 

The Indian report said that employers in all seven industry sectors expect to grow payrolls during the fourth quarter of calendar year 2013. The strongest hiring prospects are reported in the Wholesale & Retail Trade sector and the Services sector, where Net Employment Outlooks stand at +46% and +45%, respectively. Bullish hiring intentions are also reported by Mining & Construction sector employers with an Outlook of +43% and in both the Finance, Insurance & Real Estate sector and the Manufacturing sector, with Outlooks of +42%.

 

The Manpower Employment Outlook Survey for the fourth quarter 2013 was conducted by interviewing a representative sample of 5,059 employers in India. All survey participants were asked, “How do you anticipate total employment at your location to change in the three months to the end of December 2013 as compared to the current quarter?”