India Tops Hiring Sentiment for April-June, says Manpower
According to the latest Employment Outlook Survey conducted by Manpower Group, Indian companies are leading the way with the most positive hiring outlook among corporations in 42 countries for the April-June quarter. The survey revealed that India's net employment outlook (NEO) stands at an impressive 36%, indicating a significant uptick in hiring intentions compared to other nations. This NEO metric is derived by subtracting the percentage of employers anticipating a decrease in hiring activity from those expecting an increase in employment at their location for the next quarter.
Following closely behind India, the United States exhibited a robust NEO of 34%, while China, Costa Rica, and the Netherlands each reported a NEO of 32%. The global average NEO stood at 22%, highlighting India's exceptional performance in this regard.
Despite challenges reported by organizations in actively executing hiring plans, India's NEO has witnessed a remarkable 6% increase compared to the previous year. This growth underscores the resilience of India's job market amid evolving economic conditions. The survey also adjusted for seasonal fluctuations in hiring, further validating India's positive hiring sentiment.
Globally, approximately half of the surveyed employers expressed a positive intent to hire, with one-third reporting no change in their hiring plans. Only 14% anticipated a decrease in hiring activity, resulting in the net outlook reaching 36%, significantly higher than the global average.
The survey also analyzed hiring expectations based on the size of companies, revealing that larger companies displayed a more optimistic employment outlook. While micro companies with less than 10 employees exhibited the lowest net employment outlook, larger corporations with employee strength ranging from 250 to over 4,999 demonstrated the highest levels of optimism.
Overall, the survey paints a promising picture for job-seekers in India, with the country's vibrant job market showing resilience and strength, particularly in the face of global economic uncertainties.
Following closely behind India, the United States exhibited a robust NEO of 34%, while China, Costa Rica, and the Netherlands each reported a NEO of 32%. The global average NEO stood at 22%, highlighting India's exceptional performance in this regard.
Despite challenges reported by organizations in actively executing hiring plans, India's NEO has witnessed a remarkable 6% increase compared to the previous year. This growth underscores the resilience of India's job market amid evolving economic conditions. The survey also adjusted for seasonal fluctuations in hiring, further validating India's positive hiring sentiment.
Globally, approximately half of the surveyed employers expressed a positive intent to hire, with one-third reporting no change in their hiring plans. Only 14% anticipated a decrease in hiring activity, resulting in the net outlook reaching 36%, significantly higher than the global average.
The survey also analyzed hiring expectations based on the size of companies, revealing that larger companies displayed a more optimistic employment outlook. While micro companies with less than 10 employees exhibited the lowest net employment outlook, larger corporations with employee strength ranging from 250 to over 4,999 demonstrated the highest levels of optimism.
Overall, the survey paints a promising picture for job-seekers in India, with the country's vibrant job market showing resilience and strength, particularly in the face of global economic uncertainties.
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