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| It's raining jobs for everyone
By Priya Kapoor
Good news for freshers, unemployed and all those looking for a career switch. Putting the dreaded job drought behind it, India Inc is set to be on a hiring spree till the end of this year. The global employment outlook survey conducted by Manpower reveals that out of 35 countries, India is the most optimistic labour market, with the seasonally adjusted employment outlook of the country (the percentage of employers anticipating total employment to increase after subtracting those expecting to see a drop) at a healthy 25% in the fourth quarter.
Job competition toughest since recession began
This is an improvement of six percentage points from the previous quarter. "The trend that was deteriorating earlier has now reversed, says Dr Naresh Malhan, managing director, Manpower India.
Compared to the third quarter of 2009, all sectors have shown an improvement, except public administration, transport and utilities. While the former reported a stable outlook, the latter has declined by 2% vis- a-vis the previous quarter. However, compared to 2008, the outlook is weaker by 14%. The IT sector, one of the worst hit in the global meltdown, is also looking to hire freshers.
"Indian employers have absorbed the layoffs from the third quarter. They will begin hiring again at a conservative pace. Most intend to keep their workforces intact through the end of the year. Hiring is expected to occur at all levels with the exception of very senior levels, adds Malhan.
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