Indian Employers Among Most Optimistic Globally On Hiring

A dip in hiring

According to the ManpowerGroup Employment Outlook Survey released by ManpowerGroup, the survey of 4,389 employers across India indicates that the hiring activity is expected to remain steady. Only 15% of interviewed employers intend to increase their headcount.

Hiring in London is forecast to slump to a three-year low, as employers in the capital scale back their staffing intentions for the next three months.

The national Net Employment Outlook is +9%, unchanged since last quarter.

"Hiring sentiment is moderate, as the market remains clouded in uncertainty with the election of Mr Trump as USA president and the US's withdrawal from the Trans-Pacific Partnership", said Linda Teo, ManpowerGroup Singapore's country manager.

"In general, companies will definitely still need to hire but many of them lack the budget for permanent headcounts, and are thus using agency contracting as a workaround", she adds.

Unemployed Singaporeans might face a challenging three months ahead, with hiring intentions for the second quarter of 2017 down from the same period past year. The private sector plans to hire at its slowest rate since 2014, with only construction, manufacturing and transport and communications planning to hire at previous levels.

- Statewide picture: The local outlook is slightly better than either the Denver area, which had a net employment outlook of 25 percent and ranked ninth among the nation's 100 largest cities, tied with Jacksonville, Fla., and the state, which had a net employment outlook of 26 percent and ranked second behind Montana among the states.

However, the Finance, Insurance and Real Estate sector outlook dipped to its weakest level since 2009. Meanwhile, the strongest industry forecast is once again reported by employers in the Manufacturing sector, where the Outlook stands at +31%. "Furthermore, intense pressure from online retailers and lacklustre consumer sentiment has resulted in the second consecutive quarter of negative outlooks for the wholesale trade & retail trade sector".

Compared to a year ago, three sectors have reported stronger hiring intentions. The most noteworthy increases of 11 and 8 percentage points are recorded for the Public Administration & Education sector and the Transportation & Utilities sector, respectively.

Within the Asia-Pacific region, all eight markets covered in the survey are likely to see bigger recruitment in the next three months.

The India Employment Outlook survey, prepared by the ManpowerGroup, that was released on Tuesday estimates seasonally adjusted net employment outlook at 18 percent for the April-June 2017 period. Four countries are expected to increase their hiring pace, while another four will see a decline.

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