Manpower’s latest employment outlook survey for India has found employers reporting upbeat hiring intentions for the final quarter of 2019. In total, 20 per cent of employers are anticipating an increase in payrolls, none are forecasting a decrease and 52 per cent expect no change. The result of this is a Net Employment Outlook of +20 per cent. Once the data is adjusted to allow for seasonal variation, the Outlook stands at +19 per cent. Hiring plans improve by six percentage points when compared with the previous quarter and with this time one year ago.
Participating employers are categorised into one of three organisation sizes: Small businesses have 10-49 employees; Medium businesses have 50-249 employees; and Large businesses have 250 or more employees. Employers expect to increase payrolls in all three organisation size categories during the forthcoming quarter. Medium employers report the strongest hiring intentions with a Net Employment Outlook of +23 per cent. Elsewhere, Outlooks stand at +17 per cent for
Large employers and +10 per cent for Small firms. In a comparison with the previous quarter, Medium employers report a noteworthy improvement of 10 percentage points and the Outlook for Large employers improves by 4 percentage points. However, Small employers report a slight decline of 3 percentage points. Hiring plans also strengthen for Medium- and Large-size employers when compared with this time one year ago, with Outlooks increasing by 9 and 5 percentage points, respectively. Meanwhile, hiring intentions remain relatively stable for Small employers.
Regionally, workforce gains are expected in all four areas during the upcoming quarter. The strongest labour market is anticipated in the East, where the Net Employment Outlook of +38 per cent reflects robust hiring prospects. Elsewhere, steady hiring activity is forecast for the South and the West, with Outlooks of +19 per cent and +18 per cent, respectively, while the Outlook for the North stands at +16 per cent.
Hiring intentions strengthen in all four regions when compared with the previous quarter. A sharp improvement of 29 percentage points is reported in the East. In the South, employers report an increase of 5 percentage points, while Outlooks are 4 and 3 percentage points stronger in the West.
