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» » News18 Shorts

India Inc on a hiring spree, says Manpower Survey

Sep 12, 2007 07:11 PM IST Business Business
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Mumbai: Industrial growth may be dragging and the markets getting volatile by the day, but yet India Inc is well and raring to go. A recent Human Resource study, by Manpower Inc shows that about half the number of companies surveyed will hire more staff. That's the highest for the Asia pacific. The study that took note of over 5,000 leading companies, showed that about 2,500 companies will hire in the next 3-months. On the other hand, only 100 plans to lay off staff. “The service sector is booming, the economy is booming. That's why there's an 8% increase from the previous quarter in the hiring across the sectors,” Executive Chairman, Manpower India, Soumen Basu said. The survey shows: The service sector will hire most aggressively over the next quarter. This is followed closely by the finance, insurance and property sector, in which more than half the number of companies will hire in the fourth quarter. The survey tracks hiring tendencies in seven sectors including manufacturing, public administration, transport and utilities. Six of them show considerable improvement over thed past quarter in hiring. As employers implement new business strategies and plans, manpower expects companies to recruit even more than is reflected in the survey.

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