Services industry remains an important contributor to a nation’s gross domestic product (GDP). The latest job seekers in Services industry can expect brisk hiring activity during the coming quarter with employers reporting a Net Employment Outlook of +38%, as per the latest report by Manpower Employment Outlook Survey, released on December 8, 2015. Hiring plans are 2 percentage points stronger when compared with the previous quarter.
Manpower Group interviewed nearly 59,000 employers across 42 countries and territories to forecast labor market activity* in Quarter 3 2015. All participants were asked, “How do you anticipate total employment at your location to change in the three months to the end of September 2015 as compared to the current quarter?”
Third-quarter forecasts are mostly positive with employers in 40 of 42 countries and territories expecting to add to their workforces by varying margins over the next three months. The most optimistic Net Employment Outlooks are reported in Taiwan, India, Japan, Hong Kong and the United States.
The Manpower Survey results are further strengthened with other surveys including Antal Foundation, a British recruitment firm, which found 88 per cent of Indian employeers looking forward to increase their human resource count. While, the study by Monster.com, a job portal, estimate the recruiters to have increased their hiring by 53 per cent in November 2015.
In addition, to positive data coming from various surveys, the Organisation for Economic Cooperation and Development (OECD) has highlighted that, “India is witnessing a firming growth, even as most developed and developing economies as most developed and developing economies are seeing mixed trends.”
Creating an overall favourable environment, the top notchs of the industry seem to be in agreement with the Progressive India and wants to be part of the Government’s “Make in India” and “Skill India” band wagon. Dr Gulshan Sharma, Director General, International Chamber for Services Industry (ICSI), welcome these positive reports and is in agreement with the scope of creating effective and skilled manpower in India. He continuously strives to enhance the opportunity options for youth in North India and North East in particular.
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