Jun 17, 2005

India Employment Outlook survey

Manpower unveiled the survey which indicated positive trends for the July-September quarter.

Of the Indian employers interviewed, 41% said they expect to hire more people during the third quarter of 2005, 7% of the employers expect to reduce their workforce, while 44% anticipate no change.

Mr. Jeffrey A. Joerres, Chairman and CEO of Manpower Inc said, “Employers in India are the most optimistic about adding to their payrolls in the upcoming quarter. These strong hiring intentions are largely fueled by the vigorous hiring occurring in the Services sector.”

“The hiring pace across Asia Pacific is expected to slow down somewhat from last quarter, most notably in the Finance/Insurance/Real Estate and Wholesale & Retail Trade sectors. Japanese and Chinese employers are telling us they’ll be adding staff at a considerably slower pace in the coming months, which is typical of their normal annual hiring patterns,” added Mr. Joerres.

Employers in Australia and Japan indicated that they will add more staff compared to third quarter of 2004. Labour market activity is expected to be weakest in Singapore, in the Asia Pacific region.