Good news at last? More companies have hiring plans for the next quarter, says the latest ManpowerGroup Employment Outlook Survey of 5,131 employers. “The Skill India campaign initiated a few years back is yielding results now. Additionally, initiatives like Make in India and Start-up India are backing a culture of entrepreneurship and innovation across states and contributing to the overall employment across various sectors. The latest policy announcements by the government and constant amendments in the economic policies may also be leading to a positive outlook,” said a ManpowerGroup spokesperson.
INDIA EMPLOYMENT OUTLOOK
About 20% of companies plan to hire more in the October-December quarter, compared with about 13% that planned to add to their payrolls in July-September.
Note 1: Net employment outlook is derived by taking the percentage of employers anticipating employment to increase and subtracting from it the percentage expecting to see a decrease in the next quarter.
Note 2: Seasonal adjustment is a statistical process that allows the survey data to be presented without the impact of hiring fluctuations that normally occur through the year, usually as a result of various external factors. It has the effect of flattening peaks and smoothening troughs in the data for better accuracy.
ORGANISATION-SIZE COMPARISON (Oct-Dec 2019)
Organisations with employee strengths of 50-249 are more bullish on hiring.
Workforce addition is expected in all the four regions during the upcoming quarter. The strongest labour market
is in the East, where the net employment outlook is 38%.
Hiring intentions have strengthened in all seven industry sectors for Oct-Dec over the previous quarter. Employers
in the public administration & education sector lead the pack.