Fri. Mar 29th, 2024
Jobs

The Jobs seekers are expecting their job in next three month while their confidence is reported to be low since 2005. This downgrade was the result of uncertainties in the global market.

The global survey ranked Japan, Taiwan, and Hungary as countries with the strongest hiring plans, with India getting the seventh rank with a net employment outlook of just 14%. This survey was conducted over 4,910 employees across India and expected to be the same for the sixth consecutive quarter.

Manpower Group, Managing Director, A G Rao said “In the wake of uncertainties in global markets, employers in India are adopting a wait-and-watch policy. This is probably the reason we are not seeing them commit to the same optimistic hiring plans”. Rao also added, “It is important for Indian employers to redefine their workforce strategies and adopt innovative ways to leverage the strength of their employees and stay competitive in an increasingly volatile economy”.

Sector-wise, wholesale and retail trade, transportation and utilities and services will continue to dominate the hiring graph, while manufacturing, finance, insurance, real estate, mining, and construction sectors will continue to experience downfall.

By Bharat