Corporate India's hiring outlook bullish for next 3 months

Corporate India has bullish hiring plans for the next three months, with 82 per cent predicting an increase in headcount and the IT & ITeS sector to have the strongest hiring prospects, says a survey.
According to recruitment platform MyHiringClub.Com, the hiring pace for the upcoming quarter is expected to rebound both in terms of last quarter and year-ago period in all industry sectors and regions.
The MyHiringClub.Com Employment Outlook Survey, that covered 5,200 employers in India, noted that 82 per cent of respondents predict an increase in headcount, 10 per cent forecast a decrease and 8 per cent anticipate no change.

The Net Employment Outlook stood at a favourable 45 per cent.
"In the 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," MyHiringClub.Com CEO Rajesh Kumar said.
He added that job seekers will get more opportunities as our study shows India's employment markets will experience positive hiring activity as compared to the last quarter and year-ago period and reflects the confidence level in hiring by employers.

Sector-wise, the strongest hiring prospects were reported in the IT & ITeS sector with a net employment outlook of 47 per cent, followed by banking and financial services sector (46 per cent), manufacturing and engineering (45 per cent) holding the second and third place, respectively.

Regional comparisons show that the most optimistic forecast were made for the South, where the net employment outlook stood at 29 per cent.
Outlooks for the West, North and East were 28 per cent, 27 per cent and 16 per cent, respectively.
The survey is conducted quarterly to measure employers' intentions to increase or decrease the number of employees in their workforce during the next quarter.