The Indian Job market is booming again – 16th Antal Global Snapshot
Post all hic –cups and the slowdowns, the Indian job market is finally showing signs of improvement after almost two years. In its latest survey, the 16th Antal Global Snapshot, search and selection specialist, Antal International, asked over 8,190 companies in major markets across the world whether they were currently hiring or firing at professional and managerial level and if they were planning on doing so in the next three months.
This survey indicates that the Indian job market has started showing some positivity; both hiring and firing rates have increased considerably during the last three months. The survey states that 52% of Indian companies are recruiting new staff at the moment, while 60% are looking to do so in the near future. On the other hand the percentage of Indian businesses shedding managers is 22% and is likely to stay the same in the coming quarter.
Compared to the 15th Antal Global Snapshot, the current survey shows confidence in the Indian job market. The previous survey showed hiring activity at 38% and was set to increase to 39%. The Survey indicates a more measured approach to recruitment from Indian businesses, as organisations look to develop the managerial and professional talent. The outlook is set to improve as the numbers of organisations are planning on hiring in the next quarter, hopefully indicating optism in the Indian Job market.
Sectors like E-commerce, Real Estate, Consumer Goods have reported the highest percentage of current hiring as nearly all of those questioned reported they were currently taking on staff in these sectors. Demand in these areas is expected to increase in the next quarter.
Other sectors that are faring well in terms of current hiring include Healthcare, Chemical, IT – Software, Packaging. Retail, which currently hiring at 48% is expected to go up to 75% in the next quarter. Similarly, Chemicals sector which is currently hiring at 58% is expected to boost hiring at managerial level in the next 3 months (71%). The manufacturing sector which is facing the most difficult times at the moment also showed signs of improvement with 56% companies likely to hire. Faster economic growth, investor–friendly and a more focussed Government is seen as the reason behind this positive outcome
“It does seem the ‘achhe din’ are around the corner”, says Mr. Joseph Devasia, Managing Director Antal International Network India. “Compared to our last hiring survey and what is being seen, there has been an upsurge is hiring activity at the managerial levels. Consumer led sectors like ecommerce, FMCG, durables and related industries are buoyant. Some near sectors like logistics and packaging that support ecommerce are also seeing a huge spurt in growth. This does mean, talent shortage will be the big discussion point in board rooms.”
See the full edition of Antal Global Snapshot here >>http://bit.ly/1q7HbnK