Hiring in India set to pick up after 3 quarters of decline: ManpowerGroup
Net employment outlook for October-December 2017 stands at 19%, a five-point rise from the third quarter but far from 32% of the 4th quarter of 2016, according to the survey.
After three consecutive quarters of sluggishness, hiring will start growing in the October-December quarter but at a much slower pace compared with the same period last year, a survey by staffing company ManpowerGroup showed.
The net employment outlook for the fourth quarter (October-December) stands at 19%, a five percentage point rise from the third quarter, but far from 32% of the fourth quarter of 2016, according to findings of the ManpowerGroup Employment Outlook Survey that were shared exclusively with Mint on Tuesday.
The net employment outlook is the difference in percentage of employers expecting to see a decrease in employment and the percentage of employers anticipating an increase in hiring activity.
“In the coming quarter, the situation looks more promising owing to the festive season during which firms require additional staff to handle the spike in orders and deliveries. The demand is especially high for e-commerce companies, logistics, FMCG, hospitality, retail, supply chain, and transport,” said AG Rao, group managing director at ManpowerGroup India.
Read the full story here.