Corporate hiring sentiment is one of the highest in India with 37 per cent of employers planning to recruit and expand their workforce in the January-March quarter of 2024. The demand for new hiring and expansion is backed by buoyant domestic demand conditions, according to the latest ManpowerGroup Employment Outlook Survey. 

Sample Size

The report covered 3,100 employers across sectors and regions and concluded that the Net Employment Outlook (NEO) in India is the highest among 41 countries. The outlook for January-March 2024 was calculated by subtracting the percentage of employers who plan reductions to staffing levels from those who plan to hire. The Outlook stood at 37 per cent, up 5 per cent from the same period in 2023, while the same from the previous quarter (Oct-Dec 2023). 

Top job markets in the world

India and the Netherlands have reported the strongest Net Employment Outlook, followed by the United States and Costa Rica (35 per cent). Mexico took the third spot with 34 per cent of the net employment outlook. The global average stood at 26 per cent. 

Highest demanding sectors

Furthermore, the report stated that businesses associated with Financial and Real Estate reported the brightest outlook, followed by Information Technology and Consumer Goods and Services. Real Estate and Financials showed an outlook of 45 per cent, followed by Information Technology (44 per cent) and Consumer Goods and Services (42 per cent). 

“Domestic demand remains buoyant, and private investments continue to flow in making India a lucrative economy. With stability in the political arena, progressive India is not a dream but a reality,” Sandeep Gulati, Managing Director of ManpowerGroup India and Middle East, said.

Region-wise employee demand 

Region-wise, Western India reported the largest demand outlook (39 per cent), followed by the North (38 per cent), while Eastern showed the weakest demand for jobs. 

Negative trends

In a negative trend, it was difficult to fill jobs in Japan due to lack of skilled employees, followed by Germany, Greece and Israel (82 per cent). In India too, employers faced difficulties in finding skilled talent (81 per cent), up by 1 per cent. The top industries to suffer from this in India were Transport, Logistics, and automotive, followed by Information Technology. 

(With references from PTI)