Thursday, March 15, 2012

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India job market prospects to improve in next quarter: Survey

The job market outlook in the second quarter of 2012 has improved in most countries, with prospects being the best in India, according to a survey by staffing services firm ManpowerGroup. A survey of 4,992 Indian employers showed that most plan to increase headcount in the April-June quarter this year.

India's seasonally adjusted net employment outlook for the second quarter stood at 44%, one percentage up from the previous quarter. Net employment outlook is the difference in percentage of employers who anticipate increase in employment at their location in the next quarter and those who expect a decrease.

It was 46% for the same quarter last year. The two sectors in India that may offer new opportunities are services (59%) and finance insurance and real estate (51%). While outlook in the services sector has improved by 9 points over the previous quarter, and 10 points over the year-ago period that of the finance insurance and real estate sector has improved by 6 points over the previous quarter.

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