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Indian companies turn upbeat on hiring; 71% cos currently hiring

Indian companies turn upbeat on hiring; 71% cos currently hiring
PTI
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First Published: Wed, Feb 03 2010. 01 56 PM IST
Updated: Wed, Feb 03 2010. 01 56 PM IST
New Delhi: India Inc’s hiring activity has increased considerably since September last year and the current recruitment level is one of the highest globally, says a survey by international recruitment firm Antal.
The quarterly global survey asked more than 6,000 firms in 30 countries that whether they were hiring at managerial and professional level and planned to do so in the coming quarter as well.
As much as 71% of Indian companies surveyed said they were currently hiring compared to around half in September, the survey revealed.
Nigeria (79%) is the only country to have a higher rate of hiring than India’s.
“Confidence is back at its peak in the Indian job markets, its happy days again for job seekers,” Antal International managing partner Joseph Devasia said.
Further, the survey stated that Indian firms plan on increasing their hiring activity even more, with 78% expecting to hire managerial staff over the next three months.
“Combined with a very low rate of letting people go (16% and set to drop by a further 3%) the results indicate a strong employment market which is improving all the time,” the Antal report noted about India.
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First Published: Wed, Feb 03 2010. 01 56 PM IST
More Topics: Hiring | India | Companies | Joseph Devasia | Antal |