New Delhi: Firms in the southern region expect strongest recruitment plans in the current quarter with a net employment outlook of 39%, ahead of northern, western and eastern zone, a study has said.
“Employers in the south region would witness strongest hiring intentions for the April-June quarter while the employers in the east are least optimistic,” recruitment firm Manpower said in a study.
Out of the four regions, east is the least optimistic while south is the most optimistic at 39%, followed by north and west at 36% and 35% respectively.
“Thanks mainly to rapid industrialisation and infrastructural development, the southern region is witnessing a surge in hiring activity,” Manpower’s managing director Naresh Malhan said.
Of the 1,899 employers surveyed in the south, 39% felt there would be an increase in the hiring tendencies and 53% of the employers felt there would be no change in the hiring intentions. About 8% were unsure about their hiring plans.
The outlook in the south fell by two percentage points as compared to 41% in the first quarter.
“... while on a year-on-year basis employers in the south have reported a moderate increase of eight percentage points,” the study pointed out.
Meanwhile, out of the 445 employers surveyed in eastern region, 28% felt there would be an rise in the hiring tendencies and only 2% expected a fall. Over 60% employers felt there would be no change in the hiring plans, while 7% were unsure.
Net Employment Outlook of 26% in the east represents a huge decrease of nine percentage points over the previous quarter and on a year-on-year basis the net employment outlook in the region remains unchanged, Manpower added.
India has emerged as the second most optimistic nation in the world, next only to Singapore in terms of employment expectation with an outlook of 36%.
In Asia Pacific, employers in Singapore are the most optimistic with a net employment outlook of 60%, followed by India (36%), while employers in China reported the weakest hiring forecast in the region for the third consecutive quarter.
Of the 5,279 employers surveyed, 37% expect an increase in staffing levels in the second quarter of this year, a marginal increase of 1% cent anticipate a decrease, and 54% are expecting no change.
Hiring sentiments are positive across all seven industry sectors such as finance, insurance and real estate, manufacturing, mining and construction, public administration and education, services, transportation and utilities, and wholesale and retail trade.