Sectors like wholesale, retail, utilities mainly logistics and transportation are likely to hire aggressively in the next quarter.
Internationally, Indian employers are the most upbeat on hiring plans in the fourth quarter ending December 2015, according to the Manpower Employment Outlook Survey. Sectors like wholesale, retail, utilities mainly logistics and transportation are likely to hire aggressively in the next quarter.
Over 41% of employers in India are looking at increasing hiring numbers for the fourth quarter as compared to the quarter ending September. Around 5,000 employers were covered as part of the survey in India. Around 45% and 44% of employers in the wholesale & retail sector (including ecommerce) and the transportation & utilities sector, respectively, are looking at increased hiring in the next quarter over the previous one. From a regional perspective, around 42% employers in the eastern region anticipate the most opportunities for job seekers in the months ahead.
"There is a big opportunity for ecommerce sectors to add more jobs to the labour market. With the onset of the festival season, there is a renewed focus on employing additional staff to boost businesses and greater hiring is expected across all domains," said AG Rao, group managing director at ManpowerGroup India.
In view of the positive outlook for the economy, ecommerce firms are ramping up their workforce across functions, particularly engineers and other specialists with an intention to be technology, product and engineering-driven companies, added Rao.
Shopclues.com, for instance, is planning to add 1,200 employees to its team of 800 while Snapdeal is looking at doubling its headcount of 5,000 by FY16. "We have robust hiring plans in place for the coming months. Most ecommerce companies at this stage are busy ramping up their teams," said ShopClues cofounder, Sanjay Sethi.
Employers report weaker hiring plans in five of the seven industry sectors when compared with the fourth quarter of 2014.
Mining & construction sector employers report the most notable decline of nine percentage points while outlooks are seven and four percentage points weaker in the finance, insurance and real estate sector and the services sector, respectively.
However, while comparing fourth quarter outlook with the third quarter 2015, hiring intentions remain relatively stable in the finance, insurance & real estate sector and the mining & construction sector.
French multinational, Saint Gobain, is also looking at adding more to its manufacturing and marketing teams. "India is a very important market for Saint Gobain and in the coming months, we hire for new positions in manufacturing and marketing," said P Padmakumar, team leader & head human resources, flat glass business. Flat Glass Business contributes 60- 65% to the company's total revenues in India.
Hiring will be the topmost priority for Schneider Electric as well, said Rachna Mukherjee, chief HR officer.
"Both the manufacturing and retail sectors are posting an optimistic outlook and have seen a boom in the past few years. Our philosophy stretches far beyond hiring for immediate needs - we are strongly focused on hiring for the future as well. Hence our focus is on the performance and potential of candidates," she added. Globally, ManpowerGroup interviewed nearly 59,000 employers across 42 countries and territories to forecast fourth quarter labour market activity.
Employers in 36 of 42 countries and territories intend to add to their payrolls by varying margins during the October-December time frame.
However, evidence of definitive fourth-quarter workforce gains remains patchy amid signs that the pace of recovery following the slowdown continues to be protracted.
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