India: Hiring Plans Reach New High

June 9th, 2011
in econ_news

help_wanted Econintersect:  Manpower Inc. (NYSE:MAN) reports that their second quarter survey of 5,112 employers in India indicate a larger increase in employment by the end of June than for any other time since the company  started surveying in India 3Q 2006.  Increased employment is planned by 57% of employers, up from 48% in the first quarter and 39% in 2Q 2010.  Only 8% of employers planned any employment reductions.

Follow up:

The data history for India is shown in the following graph from the report:

India Net Employment OutlookIndia-employment-outlook-Manpower

Data and graph:  Manpower, Inc

The net employment outlook is percentage planning to increase employment minus the percentage planning to decrease employment.

India is in one of the strongest employment markets in the world.  Globally, Manpower has surveyed nearly 64,000 employers across 39 countries and territories.  A wide range of employment prospects is reported, as summarized in the following graphics:

employment-global-y-o-y-2Q-2011employment-global-y-o-y-2Q-2011-2

employment-global-q-o-q-2Q-2011employment-global-q-o-q-2Q-20111

Data and Graphics:  Manpower, Inc.

One very notable data point is for China.  Year-over-year China has the strongest employment growth.  For the second quarter 2011 they show an employment index contraction.

Source:  Manpower Research Report 

Article by Sanjeev Kulkarni

Sanjeev Kulkarni is an entrepreneur based in Pune, India. He worked for large organizations in board level position before venturing on his own. He is currently involved as an investor in health care software company and as an investor, mentor in an automation company. Very widely traveled, he has experience of working in different geographical areas with people of varying nationalities. He did his BS from Indian Institute of Technology, Delhi.

 









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