Manpower Employment Outlook Survey Q4 2009
It gives me great pleasure to share the results of Manpower Employment Outlook Survey in India for the October - December quarter of 2009. The survey was released globally and in India on September 8, 2009.
The Manpower Employment Outlook Survey (MEOS) is conducted quarterly to measure employers’ hiring intentions in the forthcoming quarter as compared to the current quarter. This survey is based on interviews with 72,000 public and private sector employers across 35 countries to measure anticipated employment trends each quarter. In India the sample size is nearly 5637.
For more than 45 years, MEOS has been one of the most trusted surveys of employment activity in the world, especially since it is unique, focused and projective.
Key Findings of MEOS Q4, 2009
· With a Net Employment Outlook of +25%, India’s employers report the most optimistic forecast among all 35 countries and territories participating in the survey. India’s Outlook has improved by 6 percentage points quarter-over-quarter, but weakens by 14 percentage points when compared to 4Q 2008.
· Employers in four of seven industry sectors and three of four regions surveyed report stronger Outlooks when compared to 3Q 2009.
· Hiring optimism is strongest among employers in the Wholesale & Retail Trade (+34%) industry sector. The sector Outlook is 13 percentage points stronger quarter-over-quarter and 3 percentage points weaker year-over-year.
· Manpower India cites a recent Associated Chambers of Commerce and Industry (ASSOCHAM) study that indicates jobs in infrastructure, construction and hospitality are expected to ‘increase tremendously’ in advance of the Commonwealth Games scheduled in 2010.
· The softest hiring pace in India is reported by employers in the Transportation & Utilities (+16%) industry sector employers where the Outlook declines by 2 and a considerable 20 percentage points quarter-over-quarter and year-over-year, respectively. This is the least optimistic forecast by sector employers since the survey began in 3Q 2005.
· Employers in the Manufacturing (+21%) industry sectors are also reporting the least optimistic hiring forecasts since the India survey began in 3Q 2005.
· Employers in the East and South (both at +25%) regions report the country’s strongest hiring expectations. The Outlook in the East is 3 percentage points stronger quarter-over-quarter but 7 percentage points softer year-over-year. Despite the comparative optimism, employer hiring intentions in the South are the weakest reported in the region since the survey began in 3Q 2005, and decline by 16 and 18 percentage points quarter-over-quarter and year-over-year, respectively.
· Employers in the West (+20%) region report the country’s weakest hiring intentions. While the Outlook is 7 percentage points stronger when compared to 3Q 2009, it declines on a year-over-year basis by a considerable 16 percentage points.
Download Full Report – Click here
"http://www.manpower.rechnerinfo.com/MEOS%20Q4%2009%20final.pdf"
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