49% Indian Companies Will Hire New Employees In Next 90 Days: Job Offers At 8-Year Record High

Even though various variants of the coronavirus keep popping up every now and then, the last two years have taught us the ways to always be on top of the game. Hence the recent news about fast-spreading Omicron has not deterred various corporates from slowing down their growth plans. And these growth plans are going to increase overall hiring massively.

In India, hiring sentiment is strongest in the last eight years

According to the latest ManpowerGroup Employment Outlook Survey, hiring sentiment in India is the strongest reported in eight years. The report also mentioned that it has improved by five percentage points in comparison with the prior quarter and by 43 percentage points year on year.

For this report, 3,020 employers were surveyed. They noted that 64 percent expect to increase their staffing levels, 15 percent anticipate a decrease and 20 percent do not anticipate any change, resulting in a seasonally adjusted Net Employment Outlook of 49 percent.

It should be noted that the Net Employment Outlook is derived by taking the percentage of employers anticipating an increase in hiring activity and subtracting from this the percentage of employers expecting a decrease in hiring activity.

Employers are experiencing a dearth of talent

Due to the skill gap, talent shortage continues to prevail and it has become increasingly difficult for companies to find and hire the right talent’ said Sandeep Gulati, Managing Director, ManpowerGroup India.

Employers in large organizations are the most optimistic about the future with 51 percent intending to hire in the first quarter compared to 25 percent in small companies. Employers in the north report the strongest hiring intentions for the January-March quarter followed by the south and west.

The survey also noted that digital roles are most in-demand. IT, technology, telecoms, communications, and media reported the strongest outlook (60 percent), followed by restaurants and hotels (56 percent) and banking, finance, insurance, and real estate (52 percent).

The report also mentioned that more employers are embracing the blend of work and home. Corporates are planning to adopt hybrid working for 51 percent of finance and accounting and 49 percent of human resource staff, while 45 percent of production and manufacturing staff is expected to be at the workplace all the time.