ET Exclusive: Hiring sentiment most upbeat at Indian companies for December quarter
India for the December quarter is the strongest among 42 countries covered in a new global survey, whose findings come close on the heels of data from the US that indicates a slowdown in jobs growth. The ManpowerGroup Employment Outlook Survey's latest edition covered 3,150 employers in India and their hiring plans for the December quarter.
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The findings were shared exclusively with ET.
The survey shows hiring sentiment in India is stronger by seven percentage points compared with the previous quarter; the same when compared with a year ago; and 12 percentage points higher than the global average of 25% for the last quarter of 2024. About 50% of survey participants said they would hire more people, while 13% expected a decrease in hiring intent or had no plans to backfill. This puts the net employment outlook (NEO)-a bellwether of labour market trends that indicates the difference between companies looking to hire and those expecting a fall in headcount or hiring numbers-at 37%.
«The hiring intention of employers signifies the positive outlook in the country's economic position,» said Sandeep Gulati, managing director, ManpowerGroup India and Middle East. «India is expected to focus on its high domestic consumption, economy-booster government schemes, increasing demand for outsourcing services and manufacturing boom.»
The survey found that about 34% of the Indian employers planned to keep the workforce level steady
