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Job prospects brighten, says employers' survey

Staff Correspondent

Highest demand envisaged in the services sector

NEW DELHI: The Manpower Employment Outlook survey has forecast positive employment prospects for the July-September quarter of 2005. Carried out for the first time in India, the survey is based on interviews with 2,488 employers across the country and reveals an increase in the hiring intentions in all the seven sectors surveyed.

The forecast study, released in 23 countries on Tuesday, has found that employers in 22 countries expect positive hiring activity during this period.

"The aim of the study is to create awareness and provide a research base to the employers. Our projections are available for everyone and we intend giving a copy to the Planning Commission also,'' Soumen Basu, Executive Chairman of Manpower India, said here.

The sectors covered under the survey are: finance, insurance and real estate; manufacturing; mining and construction; public administration and education; services; transportation and utilities; and wholesale and retail trade. Employers in the services sector, including the information technology and IT-enabled sector, indicated the highest demand for an increase of 44 per cent employees, followed by finance, insurance and real estate at 41 per cent.

Growth in the transport and utilities industry would be just 17 per cent.

The sectors surveyed include the private and public sector undertakings and industrial houses with a significant contribution to the gross domestic product (GDP).

Fully based on inputs from the organised sector, the survey included multinational companies also. All the survey participants were asked only one question: "How do you anticipate total employment at your location to change in the three months to the end of September 2005 as compared to the current quarter?'' Mr. Bose said.

The Manpower Employment Outlook survey is conducted quarterly to measure employers' intention to increase or decrease the number of employees in their workforce during the next quarter.

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