India is placed fourth on the strongest sentiment for hiring in the fourth quarter of 2019, just behind the US and trailing Japan and Taiwan, according to ManpowerGroup Employment Outlook survey released today. Japan tops the league with 26% of those surveyed being bullish on hiring, followed by Taiwan at 21%, the US at 20% and India at 19%.
As per the survey that covered 5,131 employers in India, 19% of employers anticipate an actual rise in their staff count, while as much as 52% see it unchanged and 28% are unsure about adding to their existing strength.
Sectors expected to drive the fourth-quarter job market include public administration and education, wholesale and retail trade and services.
Globally, weakest hiring is expected in Spain with no company being optimistic there. Chinese employers (+4%) expect a cautious hiring climate in the coming quarter, reporting their weakest outlook in two years.
“Opportunities are expected to remain favourable for candidates with the right skills and flexibility. All these measures are likely to give a major boost to the economy, industrial activity and overall growth trajectory. However, lack of desired skillsets is what makes it difficult for Indian employers to fill job positions. Corporate India’s hiring intention is better as employers collaborate with the education bodies to ensure a skilled labour pool in the coming years," a ManpowerGroup press release quoted an unnamed senior spokesperson as saying.
The ManpowerGroup research for the fourth quarter of 2019 reveals that employers expect workforce gains in 43 of 44 countries and territories surveyed in the period up to the end of December. When compared with the previous quarter, employers in 15 out of 44 countries and territories report stronger hiring prospects, while employers in 23 countries report weaker hiring plans which also include six anticipating “no change".