According to Manpower Group’s Employment Outlook Survey Q4, 2024, India is witnessing the strongest hiring sentiments in the world during the next three months. India’s Net Employment Outlook has been the highest in the survey. Net Employment Outlook is calculated from the percentage of employers who are planning to increase their staff. In this, the number of employers who are planning to reduce the number of employees is reduced.
According to this survey conducted among about 3150 employers, India’s Net Employment Outlook has been 37 percent, which is the highest in the world. After this, Costa Rica’s Net Employment Outlook is at 36 percent and America’s Net Employment Outlook is at third place with 34 percent. This survey has been conducted for the October-December quarter, in which India’s employment outlook is higher than the current July-September quarter.
Better hiring outlook than third quarter
According to the report, the employment outlook for the fourth quarter of 2024 is 7 percent higher than the third quarter and is stable compared to last year. According to ManpowerGroup, the sentiments of employers are indicating a positive economic situation of India, which is attributed to exports and infrastructure development. According to the survey, hiring growth is being seen in all sectors. But the strongest outlook is of the financial and real estate sector, where the hiring outlook is 47 percent. This is followed by 46 percent in IT, 36 percent in industry and materials and 35 percent in consumer goods and services.
India, Singapore are the biggest recruiters in China!
The survey says that the demand for jobs is highest in North India. The employment outlook in this is 41 percent, while the outlook for Western India is 39 percent. ManpowerGroup says that India will focus on its high domestic consumption, government schemes, increasing demand for outsourcing services and boom in manufacturing.
If we talk about the Asia-Pacific region, the outlook of hiring managers here is 27 percent, which is 4 percent more than the previous quarter. But it has declined compared to last year. India, Singapore and China are reporting the strongest employment outlook in this region. This survey was conducted in July and information about fourth quarter hiring was sought from 40 thousand 340 employers from 42 countries.
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