'Just 19% employers in India bullish on hiring'

September 10, 2019 11:52

Only 19 per cent of employers in the country have bullish hiring plans for the next three months, while 52 per cent expect no change in their payrolls, says a global survey which predict softer employment outlook in many markets for the October-December quarter.

According to the ManpowerGroup Employment Outlook survey released on Tuesday, that covered 5,131 employers across India, a net 19 per cent of employers are anticipating an actual rise in their staffing numbers, while 52 per cent expect no change and 28 per cent are not sure about adding to their existing staff strength.

Despite the modest number, India is the fourth most optimistic nation about hiring plans for the next three months globally. The strongest hiring sentiment was reported in Japan where 26 per cent of employers were bullish about their hiring plans for the October-December quarter, followed by Taiwan (21 per cent) and US (20 per cent) in the second and third positions, respectively.

"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. Globally, ManpowerGroup interviewed over 59,000 employers in 44 countries and territories. The survey noted that employers expect workforce gains in 43 of 44 countries and territories surveyed in the coming three months.

When compared with the previous quarter, employers in 15 out of 44 countries and territories report stronger hiring prospects, while employers in 23 countries report weaker hiring plans which also includes six who anticipate "no change". -- PTI

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