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Job market bleakest in 15 yrs, only 5% of India Inc plans to hire in Q2

According to the ManpowerGroup Employment Outlook Survey that covered 695 employers across India, the net employment outlook stood at 5 per cent for the July-September quarter

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Corporate India is rationalising its workforce in response to the economic slowdown.

3 min read Last Updated : Jun 09 2020 | 2:56 PM IST

India's job market looks grim with just 5 per cent of companies planning to add more staff in the next three months as corporates gear up for the post-lockdown era with a wait-and-watch policy, a survey said on Tuesday.

According to the ManpowerGroup Employment Outlook Survey that covered 695 employers across India, the net employment outlook stood at 5 per cent for the July-September quarter, weakest since the survey began 15 years ago.

The encouraging news, however, is that India features among the top four countries out of 44 nations that projected a positive hiring trend. The other three are Japan, China

Topics : Coronavirus Economic slowdown job market India's job market

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