India retained its position as the world''s top recruiter in October-December 2007, though the level of hiring dipped when compared to the previous quarter, a survey released on Sept 9 said. The report by headhunter Manpower Inc said the employment outlook in India for October-December fell to a seasonally adjusted 43 per cent from 45 per cent in the prior quarter.
The report is based on a poll covering about 50,000 CEO across 33 countries, which were surveyed across the globe.The result is mixed. Some industry sectors seem to be experiencing the first signs of a global slowdown, Manpower India managing director Naresh Malhan said in a statement.
India''s services-heavy economy grew the slowest in over three years in the June quarter, weighed down by seven-year high interest rates and record oil prices. Growth in the services sector, which accounts for more than half of India''s output, slowed to 10 per cent in the June quarter from 11.2 per cent a year ago. Financial, insurance and real estate services growth declined to 9.3 per cent from 12.6 per cent.
Manpower''s survey showed that among financial, insurance and real estate firms, the hiring index stood at 33 per cent, 23 per centage points below the prior quarter. For services companies, it came in 11 per centage points weaker at 47 per cent. But more manufacturers are optimistic on hiring, with the sector index up 14 per centage points to 44 per cent for the quarter, according to the survey. Miners and construction firms said they expected more recruitments, with 54 per cent looking to hire, nine per centage points over the previous.Across the globe, hiring expectations in the Americas is strongest in Peru, Costa Rica and Colombia. On the other hand, employers in the US and Guatemala are the least optimistic about adding employees in the quarter ahead. Across the 17 countries surveyed in Europe, the Middle East and Africa (EMEA) region, employers in Romania, Poland, South Africa, Greece, the Netherlands, Norway and Sweden are most optimistic about hiring in the next three months while Spanish, Italian and Irish employers are the least optimistic
The report is based on a poll covering about 50,000 CEO across 33 countries, which were surveyed across the globe.The result is mixed. Some industry sectors seem to be experiencing the first signs of a global slowdown, Manpower India managing director Naresh Malhan said in a statement.
India''s services-heavy economy grew the slowest in over three years in the June quarter, weighed down by seven-year high interest rates and record oil prices. Growth in the services sector, which accounts for more than half of India''s output, slowed to 10 per cent in the June quarter from 11.2 per cent a year ago. Financial, insurance and real estate services growth declined to 9.3 per cent from 12.6 per cent.
Manpower''s survey showed that among financial, insurance and real estate firms, the hiring index stood at 33 per cent, 23 per centage points below the prior quarter. For services companies, it came in 11 per centage points weaker at 47 per cent. But more manufacturers are optimistic on hiring, with the sector index up 14 per centage points to 44 per cent for the quarter, according to the survey. Miners and construction firms said they expected more recruitments, with 54 per cent looking to hire, nine per centage points over the previous.Across the globe, hiring expectations in the Americas is strongest in Peru, Costa Rica and Colombia. On the other hand, employers in the US and Guatemala are the least optimistic about adding employees in the quarter ahead. Across the 17 countries surveyed in Europe, the Middle East and Africa (EMEA) region, employers in Romania, Poland, South Africa, Greece, the Netherlands, Norway and Sweden are most optimistic about hiring in the next three months while Spanish, Italian and Irish employers are the least optimistic
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