India Inc upbeat: 71percent of companies currently hiring
Date: 24-Apr-2010
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 per
cent of Indian companies surveyed said they were currently hiring
compared to around half in September, the survey revealed.
Nigeria
(79 per cent) 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 per cent expecting to hire managerial staff over the next three
months.
"Combined with a very low rate of letting people go (16
per cent and set to drop by a further three per cent) the results
indicate a strong employment market which is improving all the time,"
the Antal report noted about India.
China and Pakistan also have
high rates of hiring at 71 per cent and 70 per cent, respectively.
Although China predicts an increase in recruitment activity, Pakistan
forecasts a drop of 25 per cent.
"Manufacturing & auto
sectors along with the traditional IT, FMCG, pharma companies have
ramped up hiring, against what we witnessed in our previous survey.
Increased hiring indicates that the need for exceptional talent is now
ever more," Devasia added.
Antal said that globally although a
few countries are still seeing a decline in the employment market, the
global picture has definitely improved once again.
"As a result
we are already seeing the first clear signs of organisations thinking in
terms of the 'war for talent' once more with more robust businesses
making early moves to snap up the best people in their markets before
general recovery becomes too apparent," Antal CEO Tony Goodwin said.
Posted By : Anil Mishra
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