Hiring activities to accelerate in Jan-March quarter of 2012

Hiring activities to accelerate in Jan-March quarter of 2012

As per the survey of prospective employers conducted by recruitment tendering platform MyHiringClub.com, the country's net employment outlook -- an indicator of hiring intentions -- stands at 29 per cent for the quarter ending March 31, 2012.

This marks an improvement by 9 percentage points from the year-ago quarter and an increase of 11 percentage points on the quarter-on-quarter basis.

"Job seekers will be going to get more opportunities as our data shows the India's employment markets will experience recovery in the fourth quarter. The good news is that many markets appear to be heading in the right direction," MyHiringClub.com CEO Rajesh Kumar said.

The survey, which was conducted among over 4,000 employers, found that all nine sectors and all four regions of the country have positive hiring plans for the next quarter.
However, the employment outlook for some sectors has weakened vis-a-vis the year-ago period.

The report said the infrastructure sector has the most bullish hiring plans, with a net employment outlook of an impressive 20 per cent for the January-March period of 2011.

The hiring intentions have improved considerably for the infrastructure, as also the IT and ITeS sector, from the levels seen in the year-ago quarter.

"... After a long wait-and-watch, now IT/ITeS industry is having very aggressive plan to hire new employees, compared to what they had hired in previous 3-4 months," Kumar said.

He noted that the infrastructure sector is seeing robust hiring activities and and the recruitments have gone up on a month-on-month basis too.

The infrastructure and IT sectors are followed by the automobile, manufacturing and FMCG segments, in terms of hiring optimism for the January-March 2012 quarter.

At the same time, the hiring activities may witness a decline in the banking and financial services, and telecom sectors from the levels in the year-ago quarter.

A region-wise analysis also predicted a strong labour market for all the four region for the fourth quarter of FY'12, with the South region leading the pack with a net employment outlook of 31 per cent for the period.

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