ManpowerGroup Employment Outlook Survey: Employers forecast a steady third-quarter hiring pace
The Services sector is expected to drive the third quarter job markets with a Net Employment Outlook of +16% followed by the Mining & Construction, Wholesale & Retail Trade and Manufacturing sectors with Outlooks of +11%
Bengaluru | Written by: BNN Team | Updated: 11-06-2019 | Views: 57
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According to the Manpower Group Employment Outlook Survey released today, employers across India indicate upbeat hiring plans for the next three months reporting a Net Employment Outlook of +13%. The Services sector is the strongest of India’s seven industry sectors with an Outlook of +16%. Workforce gains are expected in all three organisation size categories during the upcoming quarter. In a regional comparison, employers in the South and West regions lead hiring expectations.
Cynthia Gokhale, Associate Director Marketing of ManpowerGroup India said, “New government initiatives coupled with investors’ interest in start-ups is generating a growth trajectory in some sectors. Due to the dynamics of a rapidly evolving business environment, contract staffing is taking precedence over the traditional workforce. This is a direct consequence of the demand for greater flexibility. More employment opportunities are expected, facilitating the transition from informal to formal employment for those who are already in the labour market. Opportunities are expected to remain favourable for candidates with the right skills and flexibility.
Ms. Gokhale adds, “Major trends that will drive recruitment in 2019 in India are diversity, automated recruitment, virtual reality, and remote working options among others. With more than a million unemployable graduates that the Indian universities are churning out every year and thousands of jobs disappearing each year, India now must prioritize investing in education to bridge the skill gap between the requirements in the market and job seekers skillsets.”