On the national level, the survey found a net employment outlook of 14 per cent - meaning 14 per cent more employers plan to grow their workforce than shrink it this spring.
The survey commissioned by ManpowerGroup says that 10 per cent of area employers plan to hire during the quarter, an increase of five per cent compared to the same time period past year. "In the coming times, technology will change the job market dynamics and individuals need to adopt skillsets to remain employable", said AG Rao, group managing director at ManpowerGroup India. Employers in the Mining & Construction sector report a decline of four percentage points year-on-year, as have those in the Manufacturing sector.
The latest data paints a picture of significant differences in hiring expectations across the country, both on a sector-by-sector basis and when compared regionally. The strongest outlooks are reported in Leisure & Hospitality (+28%), Professional & Business Services (+23%), Wholesale & Retail Trade (+23%), and Durable Goods Manufacturing (+19%). A considerable decline of 14 percentage points is reported in the North, while Outlooks are 5 and 3 percentage points weaker in the South and the West, respectively.
Meanwhile, the hiring scene is looking up in other countries, too.
With seasonal variations removed from the data, the net employment outlook is 25 per cent, an increase of six percentage points from the previous quarterly outlook, Manpower said.
Organisation-size comparisons Participating employers are categorised into one of four organisation sizes: Micro businesses have less than 10 employees, small businesses have 10-49 employees, medium businesses have 50-249 employees, and large businesses have 250 or more employees.
ManpowerGroup said the net hiring outlook of the engineering/construction sector and the retail/wholesale sector stood at 26 percent, ahead of the transportation/warehousing/communications sector's 21 percent and the leisure/food/hospitality sector's 17 percent.
The report says that Finance, Insurance, and Real Estate sector have the strongest outlook (+32 percent), citing the New Southbound Policy and the foothold Taiwanese banks have made in Southeast Asian countries as a major reason for the sector's strong hiring outlook.
Manpower is out with its employment outlook survey today (Tuesday) on hiring intentions for April through June. When forecasts are compared with those reported in the first-quarter, hiring intentions improve in 17 countries and territories, decline in 17 and are unchanged in nine.