Global employment survey finds job markets improving around the world
The 18th edition of the Antal Global Snapshot on the hiring and firing trends covering more than 9,500 organisations in 30 key countries has found job prospects for professionals and managers continuing to improve.
The ‘Global Snapshot’ project from the international recruitment firm, Antal International, asked 9,570 companies in major markets whether they were currently hiring at professional and managerial level. It then asked whether they planned to do so in the coming quarter and whether they were currently letting staff go or were planning to do so in the next three months.
Current hiring across the globe was up from 68% of respondents in January 2015 to 70% now. And the percentage of organisations intending to hire in the coming quarter was also up from 66% to 68%. At the same time the percentage of organisations intending to shed staff had fallen from 24% to 19% now.
In India, 2,292 companies took part in the survey to find out the hiring trends at professional and managerial level. The survey found that the percentage of companies currently hiring in India stands at 63%, a 10% rise year-on-year and per predictions made in September 2014. This indicates that the continuing growth of the Indian economy is reflected in the demand for qualified managers and professionals. Recruitment levels remained positive with 88% of organizations planning to increase their head count and 29%of businesses currently shedding their staff
The Accounting (79%) sector along with Education (78%), E-commerce (74%), SSC/BPO (73%), IT (67%), Banking (65%), Pharma (62%), FMCG (60%), to name a few, reported the highest percentage of current hiring as nearly all of those questioned reported they were currently taking on staff in these fields. Whereas in the next quarter sectors like ICT Hardware (83%), Electronics (75%), Accounting (74%), E-commerce (71%), SSC/BPO (69%), Marketing Advertising (68%), show positive hiring trends
As far as Disciplines are concerned, experienced professionals in several key disciplines such as Accounting & Finance, Human Resource, Operation and Sales & Marketing are in markedly short supply in India. Construction and Banking professionals can expect high levels of competition for jobs in the coming months
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