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| India Inc's hiring surges 51%; to rise more in next quarter |
| Press Trust of India / New Delhi Sep 09, 2009, 17:08 IST |
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Job prospects for professionals and managers have brightened as over half of the companies in the country have begun hiring, a global survey has said.
According to a quarterly survey by global recruitment firm Antal International, the percentage of companies in India hiring professionals and managers has rebounded to 51 per cent currently, after a dramatic fall to 29 per cent at the beginning of 2009.
"As a result job prospects for professionals and managers in India are now better than global average," the survey said.
Globally, the current hiring levels have also improved to 50 per cent now from 46 per cent in April.
Hiring outlook for the next three months also looks promising, with as many as 66 per cent Indian companies expecting to recruit.
Moreover, the job cuts are expected to drop to 21 per cent over the next quarter.
"After a substantial dip in hiring levels at the start of 2009, confidence seems to have returned to the Indian job market in a dramatic fashion. Two thirds of the businesses we spoke to are already in the process of hiring for the next quarter," Antal International India Managing Partner Joseph Devasia said.
Globally, the percentage of companies intending to hire in the coming quarter has also risen to 48 per cent from 44 per cent.
Besides, the percentage of organisations intending to shed staff across the globe has fallen to 25 per cent now from 35 per cent in the spring.
The firm surveyed over 7,000 companies in August this year in major markets such as western and eastern Europe, Africa, India, China and the US whether they were currently hiring at professional and managerial level.
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