Job seekers get ready to switch workplaces during July-September period

Companies from sectors such as finance, insurance, real estate, services, mining and construction are likely to provide employment opportunities during the July-September quarter. India Inc is hopeful of buoyant hiring during the period, according to the latest Manpower Employment Outlook Survey which has been shared exclusively with the Economic Times.

Moreover, employers in the southern and eastern part of the country anticipate the most opportunities for job seekers in the months ahead, according to the survey that covered over 5,000 employers across the country.

"India stands second globally after Taiwan to report the region's most optimistic hiring plans," said AG Rao, group managing director at Manpower-Group India.

Job seekers are likely to benefit from potential employment opportunities, as the government's top priority is to revive the manufacturing sector, he said, adding creating an employable workforce through apprenticeships can prove to be an important step in this regard.

Employers are looking for expertise in new technologies to build networks. Further, with the government's thrust on infrastructure projects across oil & gas, power, telecom and water, the job creation process has been revived in engineering, procurement and construction sector, said Rao.

For all seven sectors that the survey covers, the overall hiring outlook remains high in terms of quarter-on-quarter comparison.

But in a year-on-year (YoY) comparison, hiring plans weaken in all seven industry sectors and in three regions.

In the YoY comparison, of the four regions, only East India remains positive in its hiring outlook for the next quarter.

Meanwhile, public administration and education sectors reported significant decline in hiring outlook and plans, the report states.

ManpowerGroup held a similar survey in over 40 countries (including India). According to the survey, Taiwan, India, Japan, Hong Kong and the US are the strongest in their hiring outlook.

The weakest — and only negative — third-quarter hiring plans are reported in Italy and Brazil. ManpowerGroup interviewed nearly 59,000 employers across 42 countries and territories to forecast labour market activity in the July to September quarter.
(Image: Indiatimes)