New Delhi. The situation in the country’s job market has now started showing improvement. According to the ManpowerGroup India’s Employment Outlook Survey, 44 per cent of the companies are preparing to make new appointments during the next three months. According to the survey report, this is the best outlook of the last seven years. It is important to know here that the Net Employment Outlook is calculated by subtracting the percentage of companies expecting an increase in the hiring activities from the percentage of employers expecting a decrease in the hiring activities.
There will be a sharp increase in the demand for products and services
Manpowergroup India survey covered 3,046 companies. Surveys indicate that many companies are planning to increase their workforce before the end of this year. They believe that the demand for products and services will increase after the relaxation of the restrictions imposed to stop the corona epidemic. Sandeep Gulati, Group Managing Director, ManpowerGroup India said that there is a strong revival trend in corporate India. Overall sentiment in the market is positive. Geopolitical stability, diversified economy, demographics will play an important role in the new circumstances.
Which sectors have the best prospects?
Gulati said that on a quarter-on-quarter basis, there has been an improvement in the recruitment prospects in all sectors. The outlook for the services, manufacturing and finance, insurance and real estate sectors is the best. He said that the pace of vaccination continues. Most companies have preparations for the second dose. At the same time, with the festive season approaching, the demand is also increasing. However, the threat of a third wave and a shortage of skilled workers remains in front of the industry. It has been revealed in the survey that the recruitment prospects in all the four sectors have improved significantly as compared to the previous quarter.