Home Social Opinions Corporate India Could Be Hiring Most In July-Sep This Year

Corporate India Could Be Hiring Most In July-Sep This Year

The third quarter of 2022 is expected to be robust for the job market, according to the ManpowerGroup Employment Outlook Survey, with a Net Employment Outlook of 51%, a record high in 8 years.

According to the survey released on Tuesday, 63 percent of businesses in India are planning to increase their employees over the next three months in an effort to hasten the recovery process and maintain economic development.

How does one derive the net employment outlook?

Well, it is done by dividing the percentage of employers expecting a rise in overall employment by the percentage of firms anticipating a drop in employment at their location in the upcoming quarter.


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According to the survey, employers predict a significant need for talent across major industries, with digital roles continuing to be the main driver of demand. The sector with the best prognosis was IT & Technology, which was followed by manufacturing, banking, finance, insurance, and real estate.

 

A seasonally adjusted Net Employment Outlook of 51 percent is the result of respondents expecting to hire more people by 63 percent in the September quarter, while just 12 percent expect to reduce their hiring intentions and 24 percent say they won’t make any changes.

The highest levels of the worldwide talent deficit in 16 years, as per the survey, are tempering hiring optimism – “Shifting demographics, including shrinking birth rates and the rise in early retirees, means talent is scarcer than ever before”, said the survey.

While there has been a 13-point increase over the previous quarter, hiring sentiment has risen by an astounding 46 percentage points when compared to the same period last year.


Image Credits: Google Images

Feature Image designed by Saudamini Seth

Sources: Business Standard, The Hindu, The Economic Times

Find the blogger: @SreemayeeN

This post is tagged under: india, economy, Business, hiring, corporate, employment, Real Estate, Banking, finance

Disclaimer: We do not hold any right, copyright over any of the images used, these have been taken from Google. In case of credits or removal, the owner may kindly mail us.


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