Only 19% Indian firms bullish on hiring in second quarter
The survey that covered 5,131 employers across India showed that 28% are not sure about adding to their payrolls
Just 19% of companies in India are bullish on hiring for the next three months even as 52% expect no change in their staff strength, according to the ManpowerGroup Employment Outlook survey released on Tuesday.
The survey that covered 5,131 employers across India showed that 28% are not sure about adding to their payrolls.
Interestingly, India is the fourth most optimistic nation about hiring plans for the next three months globally.
Chinese employers reported a cautious hiring climate in the next quarter, with only 4% anticipating a rise in their staff numbers, the weakest outlook in the last two years.
Japan reported the strongest sentiment where 26% of employers were bullish about their hiring plans for the October-December quarter, followed by Taiwan (21%) and US (20%). “Hiring plans for the next three months vary significantly globally with robust outlooks reported in many large markets while the uncertainty of Brexit and the impact of tariffs contribute to evidence of softer hiring intentions elsewhere,” said Jonas Prising, ManpowerGroup Chairman and CEO. The weakest hiring activity was reported in Spain (0%), the Czech Republic (2%), Argentina (3%).