Hiring appetite positive for July-September quarter amidst layoffs: Survey

The Indian labour market is indicating positive sentiments for the July-September quarter of this year and businesses in the IT industry continue to report the brightest hiring outlook, a survey said on June 13.

The Indian labour market is indicating positive sentiments for the July-September quarter of this year and businesses in the IT industry continue to report the brightest hiring outlook, a survey said on June 13.

According to the ManpowerGroup Employment Outlook Survey of nearly 3,020 employers, the labour market is indicating positive sentiments in the third quarter of 2023 despite news of layoffs and anticipated global economic slowdown.

As many as 49% of employers report higher intentions for hiring, while 13% do not expect to hire, leading to a seasonally adjusted net employment outlook of 36%.

When compared to the same period last year, hiring sentiments have declined by 15%, while there is a 6 percentage points growth when compared to the last quarter.

Globally, employers in all 41 countries anticipate a net positive hiring outlook, with Costa Rica topping the chart with a net employment outlook of 43%, followed by the Netherlands (39%) and Peru (38%) in the second and third positions, respectively.

India was ranked at the fifth place (36%) after Australia in the global list.

Most cautious outlooks were reported in Japan (14%) and Taiwan (15%), the survey said.