Hiring in India to slow down till end of 2011

September 18, 2011 11:10
Hiring in India to slow down till end of 2011

Hiring in India to slow down till end of 2011A survey on Thursday said that, the hiring of new employees will slow down in the final quarter of this 2011.  But the recruitment activity will remain healthy in India.
Yet, India is the strongest in employment, where all the countries and territories are not much stronger like India.

Employers in the services sector reported the most robust hiring plans this quarter with over 37 percent indicating their intent to recruit, but the sector's outlook declined by 10 percentage points when compared to the previous quarter and is six percentage points weaker year-on-year.
Hiring intentions in the public administration and education sectors trailed all other industry sectors.

"In the wake of uncertainties in global markets, employers in India are adopting a wait-and-watch policy. This is probably the reason we are not seeing them commit to the same optimistic hiring plans they reported at the beginning of 2011," said Sanjay Pandit, managing director of Manpower India that conducted the survey.

"One of every four employers is uncertain about their hiring plan for the last quarter of the year-an unusually high percentage when compared to past quarters," Pandit added.

The survey, conducted globally, revealed that hiring expectations in the fourth quarter of 2011 are positive in 36 of 41 countries. Hiring intentions were strongest in Brazil, Taiwan, India, Singapore, Panama, New Zealand, Colombia and Hong Kong, and weakest in Greece, Italy Slovenia and Spain.

If you enjoyed this Post, Sign up for Newsletter

(And get daily dose of political, entertainment news straight to your inbox)

Rate This Article
(0 votes)