India – Employers plan strong hiring pace in Q1, but opportunities weaker over year

By memberservices@staffingindustry.com (Craig Johnson)

Indian employers plan to hire at a strong pace in the first three months of 2017, but opportunities for job seekers are expected to be considerably weaker than they were a year ago this time, according to the new ManpowerGroup (NYSE: MAN) Employment Outlook Survey of 4,930 employers across India.

“At present, the Indian economy is reaping benefits of its manufacturing and services sectors,” said A.G. Rao, group managing director of ManpowerGroup India. “Hiring activity will be led by IT and telecom while other sectors are likely to pick up the pace in the next few months. The growth can be attributed to sectors such as, IT-Software, ITeS and healthcare. The job market continues to sustain the momentum in the digital age, however the initial slow pace of automation has picked up steam and job-seekers should be willing to upgrade themselves for gainful employment.”

Employers in all seven industry sectors expect to grow staffing levels during first quarter. The strongest labour market is anticipated in the public administration & education sector. The least optimistic outlooks are reported in two sectors – the finance, insurance & real estate sector and the transportation & utilities sector.

However, when compared with the first quarter 2016, employers report weaker outlooks in all seven industry sectors.

Source:: Staffing Industry Analysts Daily Newsfeed