64% Indian Firms Will Hire As Recruitment Drive At 7-Year High; These Jobs In Demand!
A new report has shown that hiring activity in India will soon show a huge increase in the fourth quarter of this year. Employers are reporting a hugely positive hiring scenario in 7 years.
The report also talks about the jobs that are the most in demand presently. Read on to find out all the details!
64% Employers To Ramp Up Hiring In The Last Quarter
The ManpowerGroup Employment Outlook Survey has revealed that 64 percent of the 3,046 employers have indicated that there will be an increase in their workforce as they expect pandemic restrictions to be eased up a bit and an increase in demand for products and services.
This is a significant increase as in the July-September quarter, only 6 percent of companies showed the intention to hire.
The report also states that about 20 percent of companies have shown a decline in the workforce and 15 percent have stated that they aren’t expecting any changes. Only 1 percent of the companies aren’t sure about the hiring sentiment in the December quarter as per the 44 percent in the July – September quarter.
Corporate India Showing Healthy Signs Of Recovery
As per Sandeep Gulati, Group Managing Director of ManpowerGroup India, corporate India is showing healthy signs of recovery and a positive sentiment is spreading around in the market.
He said, “Many of the deep-rooted structural factors that have sustained Indian economy over the years like geopolitical stability, diversified economy, demography, etc, are likely to play a pivotal role in the new normal.”
As per the report, the net employment outlook is 44% as compared to 5 percent in the July September quarter. Net employment outlook is the difference between companies looking to hire and those expecting a fall in headcount.
The hiring sentiment has improved by 37 percentage points as compared to the previous quarter and by 40 percentage points from the corresponding quarter last year.
The report states that the strongest year-on-year improvements have been reported in Services (51 percent), Manufacturing (43 percent) and Finance, Insurance and Real Estate (41 percent).