India – Hiring intent in India Inc to rise 5% in 2019

Hiring intent for India Inc, India’s formal sector, has jumped to 15% from last year’s 10%, according to the latest India Skills Report 2019 from HR solutions and technology firm PeopleStrong.

The year 2019 marks the second consecutive year of job market recovery. After a high of 23% in 2015, the year-on-year increase in hiring intent had slipped to 14% in 2016 and further to a low of 7% in 2017. There was, however, a recovery in 2018 when the intent had risen to 10%.

Driving the growth in hiring intent in 2019 will be the Software Industry. The Engineering, Automotive, Travel, and Hospitality will also see a considerable upswing in their hiring numbers next year.

The report also found that approximately 64% of employers have a positive outlook on hiring. While almost 20% of employers said they will hire the same number of people as 2018, only handful have a negative outlook for 2019.

“It is encouraging to see a positive hiring intent this year and even more to see tech hiring getting back in action,” Pankaj Bansal, Co-founder, and CEO of PeopleStrong said. “It is also heartening to see that the increase in hiring intent is not limited to organisations of a certain size, but it is spread across companies of different sizes and sectors.”

Source:: http://www2.staffingindustry.com/row/Editorial/Daily-News/India-Hiring-intent-in-India-Inc-to-rise-5-in-2019-48194