Has India’s jobs markets started recovering?
With a slowing economy and the Covid-19 pandemic , India is witnessing the weakest hiring sentiment in 15 years with just 3 per cent companies planning to add staff in the next three months , according to survey of over 800 employers .
The survey is done by Manpower Group Employment Outlook Survey. The survey covered 813 firms across India.
As per the survey , 7 percent of employers anticipate an increase in payrolls. However 3 percent predicts a decrease and 54 percent expect no change.
“Hiring sentiment is the weakest since the survey began 15 years ago, remaining relatively stable when compared with the previous quarter, but declining by 16 percentage points in comparison with this time one year ago,” the survey said.
The strongest hiring pace is recorded in the small-sized organisations followed by the medium-sized and large-sized firms. From a region perspective, north and east regions indicate a more positive outlook compared to the west and south, the survey said.
The companies are aligning themselves to the current market demands . Organisations are now looking at improving productivity, new forms of employee engagement and implementation of technology.
