India Inc upbeat on jobs: Survey
The Manpower Employment Outlook Survey, which covered 27 countries and territories, says the country's job market is expected to remain extremely vibrant in the first quarter of 2007, with the overall net employment outlook standing at plus 39 per cent.
This represents a year-on-year increase of 12 percentage points, though also a decrease of 3 percentage points over the last quarter. Of the 4,742 employers surveyed, 41 per cent expected an increase in hiring activity in the first quarter of 2007, 2 per cent anticipated a decrease, and 50 per cent expected no change.
The survey conducted in India included employers in seven industry sectors, including finance, insurance, real estate, manufacturing, mining and construction, public administration and education, services, transportation and utilities, and wholesale and retail trade.
In the mining and construction sector (+44 per cent), the outlook has improved by 5 percentage points from the fourth quarter and 23 percentage points from the first quarter of 2006.
Services sector employers also reported a bullish net employment outlook of plus 43 per cent.This is a decrease of over 2 percentage points over the previous quarter, but a considerable year-on-year increase of 13 percentage points.
However, the finance, insurance and real estate sector has shown a fall in hiring intentions by 11 percentage points over the previous quarter, with the reported net employment outlook standing at plus 39 per cent.
Employers in the manufacturing sector forecast a dip of 3 percentage points in their net employment outlook.
Employers in the wholesale and retail trade sector expect a decline of 8 percentage points in the net employment outlook quarter-on-quarter to plus 33 per cent.
The Manpower Employment Outlook Survey, which covered 27 countries and territories, says the country's job market is expected to remain extremely vibrant in the first quarter of 2007, with the overall net employment outlook standing at plus 39 per cent.
This represents a year-on-year increase of 12 percentage points, though also a decrease of 3 percentage points over the last quarter. Of the 4,742 employers surveyed, 41 per cent expected an increase in hiring activity in the first quarter of 2007, 2 per cent anticipated a decrease, and 50 per cent expected no change.
The survey conducted in India included employers in seven industry sectors, including finance, insurance, real estate, manufacturing, mining and construction, public administration and education, services, transportation and utilities, and wholesale and retail trade.
In the mining and construction sector (+44 per cent), the outlook has improved by 5 percentage points from the fourth quarter and 23 percentage points from the first quarter of 2006.
Services sector employers also reported a bullish net employment outlook of plus 43 per cent.This is a decrease of over 2 percentage points over the previous quarter, but a considerable year-on-year increase of 13 percentage points.
However, the finance, insurance and real estate sector has shown a fall in hiring intentions by 11 percentage points over the previous quarter, with the reported net employment outlook standing at plus 39 per cent.
Employers in the manufacturing sector forecast a dip of 3 percentage points in their net employment outlook.
Employers in the wholesale and retail trade sector expect a decline of 8 percentage points in the net employment outlook quarter-on-quarter to plus 33 per cent.