Hiring Outlook is Positive and Stronger in Q3, FY’14 – MyHiringClub.com

The MyHiringClub.com Employment Outlook Survey for the Third Quarter of FY’14 was conducted by online interviewing a representative sample of 5,450 employers in India.
By: MyHiringClub
 
GURGAON, India - Sept. 24, 2013 - PRLog -- The MyHiringClub.com Employment Outlook Survey for the Third Quarter of FY’14 was conducted by online interviewing a representative sample of 5,450 employers in India.

All survey participants were asked, “How do you Anticipate total employment at your location to change in the coming Q3 of FY’14 as compared to the current quarter & Q3, FY’13?”


According to the MyHiringClub.com survey findings, Indian employers expect the hiring pace for the upcoming quarter to rebound from both last quarter and a year ago at this time in all industry sectors and regions.

Indian employers predict increase in headcount during Quarter 3, FY’14. With 72% predicting an increase in headcount, 10% forecasting a decrease and 18% anticipating no change. The Net Employment Outlook stands at a favourable +42%.

Throughout this report, we use the term “Net Employment Outlook.” This figure is derived by taking the percentage of employers anticipating total employment to increase, and subtracting from this, the percentage expecting to see an increase in employment at their location in the next quarter. The result of this calculation is the Net Employment Outlook.

Quarter- over-quarter, the Outlook improves by moderate 4 percentage points, while the Outlook is improved by 3 percentage points compared with Quarter 3 of FY’13.

From this point forward, all data discussed in the commentary are seasonally adjusted, unless stated otherwise.

Regional Comparisons

Employers in all four regions predict a strong employment market in Quarter 3, FY’14, with the most optimistic forecast in the South, where the Net Employment Outlook stands at +28%. Outlooks for the North, West and East are +26%, +26% and +20%, respectively.

Quarter-over-quarter, hiring intentions have strengthened in two regions. The Outlook is 1 percentage point stronger in South & West, North hiring outlook will remain no change, while East hiring intentions declined by 1 percentage points.

Even in year-over-year comparison the Outlook has increase by a considerable 2 percentage points in South and 1 percentage point in the North & West, In East there are no change.

Sector Comparisons

Year-over-Year, employers report stronger hiring prospects in seven of the nine industry sectors, with the most notable improvements of 12 and 8 percentage points in the Infrastructure and the Retail sector, respectively. The strongest hiring prospects are reported in the Infrastructure sector with a Net Employment Outlook of +47%. The Outlook for Retail sector is +46%, followed by, FMCG/FMCD (+39%), IT & ITeS sector (+39%), Hospitality (+33%), Real Estate (32%), Telecom (+31%), Automobile & Manufacturing (+36%) & Banking & Financial Services (29%).

“Hiring intentions are strong in comparison to the previous quarter. In coming quarter we are able to see a significantly higher proportion of employers who are sure of their positive hiring plans for the next quarter. We are witnessing improved opportunities for job seekers across all industry sectors. Overall hiring activity is expected to be good, the infrastructure and Retail sectors are leading in their robust hiring plan in Q3, FY’14. Banking and Financial Services is still under pressure and doesn’t have any robust hiring plan in coming quarter also.” Rajesh Kumar, CEO, MyHiringClub.com & FlikJobs.com Said
End
Source:MyHiringClub
Email:***@myhiringclub.com Email Verified
Tags:Hiring Outlook, MyHiringClub, FlikJobs, Q4 Hiring Outlook
Industry:Human resources
Location:Gurgaon - Haryana - India
Subject:Surveys
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
MyHiringClub.com News
Trending
Most Viewed
Daily News



Like PRLog?
9K2K1K
Click to Share