Hiring is tiring out

17 March 2007

The boom in the job market seems to be slowing down reveals a new survey on employment. Venkatachari Jagannathan reports.

Chennai: The boom in the job market seems to be slowing down. According to the latest US-based Manpower Employment Outlook Survey conducted by Manpower Inc, USA and its Indian subsidiary, 58 per cent of all the employers surveyed are expecting there to be no changes to the staffing levels while 33 per cent expect an increase and 2 per cent predict a decrease during the second quarter of 2007.

The survey was conducted interviewing 4,858 employers in the following sectors: finance, insurance, real estate, manufacturing, mining, construction, public administration, education, services, transport, utilities, wholesale and retail trade. The question asked was," How do you anticipate total employment at your location to change in the three months to the end of June 2007 as compared to the current quarter?"

The survey was conducted in January 2007 and reports the hiring intentions of employers for the Quarter April - June 2007. The Manpower Employment Outlook Survey is conducted quarterly to measure employers' intentions to increase or decrease the number of employees in their workforce during the next quarter.

In India hiring intentions remain robust with a 'net employment outlook' of above 31 per cent. This figure has been arrived at after taking the percentage of employers anticipating total employment to increase, and subtracting from this, the percentage expecting to see a decrease in employment at their location in the next quarter.