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Saturday, February 24, 2024

54% Indian companies eager for new recruitments during festive season


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Not only the consumer market, but the job market will also flourish during the Dussehra-Diwali season of October-December. As per Man Power Group, 54% Indian companies will recruit new employees in the next three months. Across the globe, only Brazilian companies will recruit a higher number of new employees, which is 56% of them.

As per the Job Outlook of USA’s multi-national company, Man Power Group, despite the chances of inflation and recession, there is a strong sentiment for the next trimester in the developing nations. 64% of employers in India are determined to expand their staff, 10% want a reduction in staff and 24% do not anticipate any changes. With this, the net employment outlook in India is 54%.

As per a survey report issued on Tuesday, as compared to the same time period last year, the hiring intent in India has seen an increase of 10% point, and this has been determined after talking to 40, 600 employers across 41 countries. Man Power Group’s MD (India), Sandeep Gulati has said that India’s economic roots are quite strong.

All across the world, the IT industry is the most enthusiastic about new recruitments, with 42% companies eager for the same, followed by 37% of the companies in banking and insurance sector, 33% of them in the restaurant and hotel sector, 30% of companies in the construction sector, and 29% of companies in the manufacturing sector.

Talking about the October- December trimester, the countries with the highest hiring intent are Brazil with 56% eager companies, India (54%), Costa Rica (52%), China (46%), and Columbia (46%).

Companies belonging in almost all the sectors across the world are looking at expanding their staff during the October-December trimester, Asia-pacific being the only region in the country, with a hike of 6% point in the hiring intent as compared to the last trimester, and a 20% point increase since March.

Sonakshi Datta
Sonakshi Datta
Journalist who wants to cover the truth which others look the other way from.

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