India most optimistic for hiring: Manpower

[N.Sukumar]

New Delhi, June 10: India has emerged as the most optimistic nation in
terms of hiring intentions across the world, but going forward the
employment outlook seems challenging, global staffing services firm
Manpower said.

"While employers in India continue to show optimism in their hiring
intent, the impact of US slowdown has started showing its impact,"
Manpower India Managing Director Naresh Malhan said while releasing
the latest Manpower Employment Outlook Survey.

Malhan further noted that "future trends would be challenging and the
October to December quarter would be a testing time largely due to
rising crude oil prices."

India is expected to report the most bullish hiring plans in the July-
September period, followed by Singapore and Peru as the global
slowdown impacted the hiring intentions in these countries, he said.

India has made a gradual upward movement since the last two quarters,
as in the Manpower March quarter survey the country was at the second
position while in the December quarter it held the third spot.

Of the 5,636 employers surveyed, 45 per cent expect an increase in
hiring activity in the third quarter of 2008, an increase of 6 per
cent on a quarterly basis and 7 per cent on a year-on-year basis.

The other top 10 most bullish nations worldwide include Poland (29 per
cent), Costarica (27 per cent), Romania (26 per cent), Hong Kong (26
per cent), Argentina (25 per cent), Taiwan (24 per cent), Australia
(23 per cent).

"We believe the growth story of developing nations like India to
remain firm as Companies continue to invest in technology to drive
their growth, fight global competition, cut cost and improve
efficiencies and is reflective in their mood to hire despite the
slump," Malhan said.

N.Sukumar
Research Analyst

[Anand S]

Source: Financial Express