The Hindu : Karnataka / Bangalore News : `Hiring plans robust in India'

Online edition of India's National Newspaper
Thursday, Jun 15, 2006

Karnataka

Karnataka - Bangalore

`Hiring plans robust in India'

Special Correspondent

25 countries and territories were covered in the survey

Bangalore: The Manpower Employment Outlook Survey released on Tuesday revealed that the third quarter hiring intentions amongst employers is expected to be extremely robust in India. Of the 25 countries and territories surveyed globally this quarter, the outlook is strongest in India with an overall net employment of 43 per cent, followed by Hong Kong (27 per cent) and Japan (24 per cent).

The outlook demonstrates an increase of three percentage points over the previous quarter and nine percentage points on a year-over-year basis. Of the 4,550 employers surveyed, 46 per cent expected their staffing levels to increase while only three per cent expected a decrease in their staffing levels. With 41 per cent employers expecting no change and the remaining 10 per cent unsure of their hiring plans, Indian employers showed great optimism about hiring over the next quarter.

The outlook is derived by taking the percentage of employers anticipating total employment to increase, and subtracting from this, the percentage expecting to see a decrease in employment at their location in the next quarter.

Commenting on the survey, Soumen Basu, executive chairman, Manpower India, said: "Indian employers are again forecasting the strongest hiring plans of the 25 countries and territories surveyed this quarter, which is reflective of the incremental growth visible across sectors in the country over the past year. In fact, the year-over-year increase in the outlook in the transport and utilities sector is a clear indication of the enormous thrust being put forth towards development and infrastructure in the country."

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