New Delhi: The Manpower Employment Outlook Survey has predicted that Indian employers are the most optimistic in hiring over the next three months as compared to their western counterparts with 57 per cent of Indian employers expected to increase staffing levels.
Employers in all four zones report bullish hiring intentions for Quarter 2, 2011. The most optimistic forecast is reported by employers in the South, where the Net Employment Outlook stands at +58 per cent, while outlooks of +54 per cent and +53 per cent are reported by employers in the North and the East respectively. In the West, the Outlook stands at +43 per cent.
The Net Employment Outlook overall is likely to be +49 per cent. The Net Employment Outlook is obtained 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.
The strongest forecasts are reported in the Manufacturing sector and the Finance, Insurance and Real estate sector, with Net Employment Outlooks of +56 per cent and +55 per cent respectively. Dynamic hiring activity is also expected in the Public Administration and Education sector and in the Wholesale and Retail Trade sector with Outlooks of +52 per cent. Much of the general sense of optimism is attributed to the Manufacturing sector which is expected to generate the maximum number of jobs.
"Globally India has the most optimistic outlook, but it is lower than last quarter,” said Namr Kishore, Manpower India Head (Sales and Marketing).
The hiring trend looks really robust in India, China, Brazil, Singapore, Turkey and Taiwan while forecasts for Greece, Spain, Ireland and Italy look bleak.
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