Hiring Activity Set To Pick Up After Being On The Slide For Three Consecutive Quarters: Report

Hiring is set to grow in the October-December quarter, though at a much slower pace compared with the same period last year, after three consecutive quarters of decline, a report prepared by ManpowerGroup has said.

Findings of the ManpowerGroup’s Employment Outlook Survey show that the net employment outlook for the October-December (fourth) quarter stands at 19 per cent, a five percentage point rise from the previous quarter. However, this is low compared to 32 per cent of the fourth quarter of 2016.

Net employment outlook, according to the Mint, is “the difference in the percentage of employers expecting to see a decrease in employment and the percentage of employers anticipating an increase in hiring activity”.

ManpowerGroup’s report is based on a survey of 5,005 employers across India. The survey showed positive hiring intentions in all seven industry sectors and all four regions for the upcoming quarter. Employers in north India reported the strongest hiring outlook, a report in the Mint said.