Hiring to remain steady in Q2 FY8217;14: Survey

8220;The employment outlook in India is stable and steady in second quarter of current financial year. Indian employers indicated they intend to scale back their hiring plans,8221; MyHiringClub.com CEO Rajesh Kumar said.

However,Kumar said that recruitment activity in sectors such as FMCG,retail,banking,financial services and insurance,infrastructure and IT and IT-enabled sector would be positive in coming quarter.

On a quarter-on-quarter basis,the outlook has improved by a moderate one percentage points,and on a year-on-year basis it has seen an improvement by 12 percentage points,the survey conducted among nearly 5,000 employers in India noted.

Region wise,employers in all four regions predict a strong employment market in the second quarter of fiscal year 2013-14,with South being the most optimistic where the net employment outlook stood at 27 per cent followed by the North 26 per cent,East 25 per cent and West 22 per cent.

A sector-wise comparison shows that employers in all nine industry sectors expect headcount to grow during the second quarter of FY8217;13. The most optimistic projections are reported in the FMCG sector,with a strong net employment outlook of 39 per cent.

Retail is the second-most optimistic sector with a net employment outlook of 38 per cent,followed by banking and financial services 36 per cent,infrastructure 35 per cent and telecom and IT and IT-enabled sector at 33 per cent each,hospitality and real estate space at 31 per cent each and automobile and manufacturing space at 29 per cent.