Next Quarter indicate a growth in job market
Based on inputs by Meeta K
As per the latest Manpower Group Employment Outlook Survey conducted for 5,131 employers, a lot of companies plan to hire in the coming quarter. The survey indicates optimistic hiring plans for the upcoming three months. The Sectors that are expected to be front runners in the job market growth include Public Administration & Education, Wholesale & Retail Trade and Services sectors.
The manpower group spokesperson said “The Skill India campaign initiated a few years back is yielding results now. Additionally, initiatives like Make in India and Start-up India are backing a culture of entrepreneurship and innovation across states and contributing to the overall employment across various sectors. The latest policy announcements by the government and constant amendments in the economic policies may also be leading to a positive outlook” .
“The Government has been designing policies and schemes with the theme “Budget Ease of Living” with special attention towards promoting facilitating entrepreneurs, who are the job (and wealth) creators of India. Further, the Central Government plans to disburse US$ 1 billion to states for introducing skill development initiatives. ” He added.
About 20% of companies plan to hire more in the October-December quarter, compared with about 13% that planned to add to their payrolls in July-September.