Indian employers report strongest hiring plans
According to the latest Manpower Employment Outlook Survey emerging markets like India and Brazil have reported strongest hiring plans globally compared to the G7 countries.
The survey released by Manpower Inc indicates that the world’s labor markets will still be challenged in the 4th Quarter of 2009, but many are headed in the right direction. "Indian employers have absorbed the layoffs conducted in the third quarter and are telling us they will begin hiring again at a conservative pace, but most intend to keep their workforces intact through the end of the year. Government stimulus efforts around infrastructure projects are contributing to accelerated hiring plans in India’s mining and construction sector," said Jeffrey A. Joerres, Chairman and CEO of Manpower Inc.
"Meanwhile, hiring expectations in China are among the most optimistic of the year, with outlooks improving from three months ago across all industry sectors," he added.
Employers in 17 of 35 countries and territories surveyed expect some positive hiring activity in the quarter ahead, while those in 15 report negative hiring expectations with 10 reporting their weakest hiring plans since the survey was established. Employers in 31 countries and territories are reporting weaker year-over-year forecasts. Fourth-quarter hiring plans are strongest in India, Brazil, Colombia, Peru, China, Australia, Singapore, Costa Rica, Canada, Taiwan and
Poland and weakest in Romania, Spain, Ireland, Japan and Mexico, the Survey said.