You are here: Home » Companies » News
Business Standard

Indian companies hiring less senior professionals than global peers

Hiring for managerial and professional positions in India stands at 40%, which is 7% below the global average, says study

M Saraswathy  |  Mumbai 

The proportion of recruiting at managerial and professional level has contracted by over a third, said a study by Antal International. The global recruitment firm's Global Snapshot- a major survey of employment trends around the globe has found the percentage of Indian recruiting is much lower than its peers globally.

The survey said that the percentage of employers in India currently hiring for managerial and professional positions now stands at 40%, which is 7% below the global average. It added that although this is the lowest level in Asia, the signs are positive that this figure will climb to 43% in the near future.

"The results of the latest Snapshot indicate greater stability throughout the international staffing sector. Despite a consistent decline in the percentage of hiring, a steady fall in the percentage of organisations shedding staff - down from 20% in April to 18% in August and just 16% in December- infers that workforces are stabilising and offering more in the way of long-term security to employees," said Antal’s CEO, Tony Goodwin.

However, the survey reflected that some sectors are performing particularly well and recruitment within white-collar professions is showing greater levels of activity.

"Within financial services, 67% of companies are currently hiring for accounting roles and the same percentage of employers are looking for senior staff to work in banking," the study said.

Although overall hiring is down, the percentage of businesses that are letting staff go has dropped slightly – from 23% to 20%, which suggests the beginning of a more settled job market.  

The ‘Global Snapshot’ project from Antal International, asked almost 17,000 organisations in major markets across 52 countries whether they were currently recruiting or letting staff go at a managerial and professional level and whether they intended to do so over the coming quarter. 

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, January 09 2013. 09:38 IST