Hiring likely to improve in one year: Survey

Job prospects in the country are likely to improve in the next 12 months, a survey has said. Over 70 per cent of the recruitment agents surveyed believe that hiring will stabilise in the next three months. In a survey by Edelweiss Securities, more than half (53 per cent) of the respondents said that the situation would improve over the next one year.

The survey said that the outlook for the short term, or three months, would remain stable. “About 71 per cent respondents expect hiring to stabilise over the next three months,” the survey stated. It said that 69 per cent of the respondents believe the number of unemployed had increased in the past one year. The survey, which took view of various sectors, found that all sectors, except IT, hopes to see an improvement in hiring that is expected to support demand for residential real estate. “A stabilising job market in the near term and a robust outlook beyond that, are expected to keep real estate market buoyant,” the survey pointed out.