Hiring by Companies Likely to Return to Pre-Recession Level in Early 2010

Global staffing services firm Manpower has said that the recruitment pace in India, with country once again emerging as the most optimistic country in hiring plans for the next three months, is likely to return to the level it was before recession.

“There is no more ‘cautious optimism’ among employers anymore, it has given way to ‘definite optimism’. Besides, the pace of hiring will be back to the 2007 level in the next year,” Manpower India Managing Director Naresh Malhan said.

The Manpower Employment Outlook Survey said that for the first quarter of 2010, India has a net employment outlook – a measure of recruiting plans – which is the highest among 35 countries covered in survey.

It should be noted that India has reported the strongest hiring plans globally since the third quarter of 2008. India’s outlook has improved by 11 percentage points on a quarter-on-quarter basis and by 18 per cent year-on-year.

According to a sectoral analysis, hiring outlook has enhanced across all sectors. And the survey said that job seekers in areas like the services public administration, education, mining and construction, finance, insurance, real estate, and the wholesale and retail trade sector, could expect the most favourable hiring environment in early 2010.

“The good news is that employer hiring expectations across all industry sectors are improving in the first quarter of 2010, and job seekers in key industry sectors can look forward to the most favourable hiring environment in over a year,” Malhan said.

A regional analysis shows that employers in India’s four regions expect hiring plans to rise considerably over the next three months both quarter-on-quarter and year-on-year basis.

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