Hiring sentiment still upbeat

Most employers in India are looking to hire during the October-December quarter, reports The Economic Times, citing Manpower Group’s latest survey. About 55% of the 3,149 companies surveyed plan to hire, while 12% expect cuts or no backfilling. Company expansion, technology upgrades, and new ventures are driving hiring for now, the survey shows. The hiring sentiment will be led by sectors like energy and utilities, financial and real estate, and information technology. That said, the net employment outlook stands at 40%, down seven per cent from the previous quarter but up 18% from a year ago. Talent shortages remain a key concern though, adds the report. “Adaptive workforce strategies will be central to sustaining India’s long-term competitiveness,” says Sandeep Gulati, Managing Director, Manpower Group, India and Middle East.

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India’s net employment outlook stands at 40%, which is lower than the last quarter but higher than last year, according to a Manpower Group survey.