The job market in India is expected to remain vibrant in the third quarter (July-September) of 2007, a survey has said. Of the 27 countries and territories surveyed globally this quarter, the hiring intentions continue to be robust in India with an overall Net Employment Outlook of +39 per cent. This represents an increase of 8 percentage points quarter-over-quarter and a 4 percentage point decrease year-over-year, the Manpower Employment Outlook Survey said.Employers in Singapore are the most optimistic in the Asia Pacific region with a Net Employment Outlook of +48 per cent followed by those in India while Australia and New Zealand both have a robust overall Net Employment Outlook of +27 per cent. Of the 4,925 employers surveyed, 42 per cent expect an increase in hiring activity in 3Q 2007, 3 per cent anticipate a decrease, and 42 per cent are expecting no change. The Net Employment Outlook is derived by taking the percentage of employers anticipating total employment to increase and subtracting from this the percentage expecting to see a decrease in employment at their location over the next quarter. Employers in all eight countries and territories surveyed across the Asia Pacific region anticipate positive hiring activity for the third quarter. However, only Indian employers are anticipating a third quarter outlook stronger than the previous quarter. Commenting on the survey findings, Manpower India executive chairman Soumen Basu said: “Robust hiring intentions across sectors can be attributed to businesses gaining momentum around this time of the year which is quite a cyclical process. Additionally, the completion of appraisals in most Indian companies amplifies the hiring activities as workers are more willing to change jobs.” The survey, conducted for the ninth consecutive quarter in India, reports that employers across all industry sectors are positive about their hiring intentions. Employers in the services sector report the most optimistic outlook (+46 per cent) with the public administration and education employers indicating the weakest hiring intentions with a Net Employment Outlook of +27 per cent.Hiring intentions in the finance, insurance and real estate industry are considerably stronger quarter-over-quarter, with an increase of 13 percentage points in the Net Employment Outlook — the first improvement since the fourth quarter of 2006. Outlooks in five of the seven industry sectors have improved quarter-over-quarter. Overall positive hiring intentions have been reported by employers in India. The strongest outlook is observed among the employers in the services sector (+46 per cent), an increase of 13 percentage points quarter-over-quarter. Employers’ intentions to hire in the public administration & education industry (+27 per cent) are weaker by 6 percentage points since the previous quarter.
