Wednesday, September 12, 2007

India on hiring spree: financial sector and real estate leading the talent hunt: a global HR consultancy firm, Manpower Inc. survey

"The increased hiring in the services sector is a reflection of the role of this sector in India's GDP growth. Also, the capital and financial health of the country today is fuelling the demand in the finance, real estate and retail sectors, which assures a plethora of opportunities for job seekers in the next three months," Soumen Basu, executive chairman, Manpower India, said.

Each quarter, Manpower publishes the "Manpower Employment Outlook Survey" that forecasts employers’ hiring intentions for the next quarter, which has become the most authoritative survey of the Indian labour market.

Manpower India, subsidiary of the $16 billion Manpower Inc., is the largest employment services firm in India, and provides the complete range of selection and talent management solutions to its clients.

Hiring intentions were the strongest in India since the survey began in 2005, with 47 per cent of employers surveyed giving a net indication of stepping up recruitments. “The optimism of Indian employers is reflective of the pace at which business throughout India is growing.” Mr. Basu said.

In a study (livemint pdf) of 4,922 employers in 30 cities, across seven sectors, employers in the South expressed highest intention (+50 per cent)to hire.

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