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Business Standard
2 days ago
- Business
- Business Standard
Corporate India's hiring outlook steady for Jul-Sep quarter: Report
Corporate India has a steady hiring outlook for the next three months, driven by strong growth in the private services sector and hopes of economic benefits stemming from shifts in global trade dynamics, a report said on Tuesday. According to the latest ManpowerGroup Employment Outlook Survey, employers reported a Net Employment Outlook (NEO) of 42 per cent -- the second highest outlook globally and emerging as a key player in the global employment landscape. The NEO is calculated by subtracting the percentage of employers who anticipate reductions in staffing levels from those who plan to hire. "As we enter the third quarter of 2025, India's employment Outlook remains robust, with a NEO of 42 per cent -- among the highest globally. Despite a slight dip from the previous quarter, the 12-point year-on-year gain highlights sustained employer confidence and growth momentum in the labour market," said Sandeep Gulati, Managing Director, ManpowerGroup India and Middle East. As per the survey findings, the majority of employers - 54 per cent anticipate an increase in hiring, 32 per cent expect to maintain current staffing levels, 12 per cent anticipate a decrease, and 2 per cent are unsure. Globally, the UAE reported the strongest NEO of 48 per cent, followed by India (42 per cent) and Costa Rica (41 per cent) in the second and third position, respectively. The other countries in the top five most bullish hiring outlook include -- Brazil with 33 per cent at the fourth position and the Netherlands with 30 per cent at the 5th rank. "This optimism is driven by strong hiring intent in sectors such as Information Technology, Energy & Utilities, and Financial Services, where companies are actively expanding and accelerating digital transformation. "Even amid global geopolitical uncertainty and trade disruptions, Indian employers are staying proactive - 82 per cent report increased investment in automation, while 67 per cent are evolving their workforce strategies to meet changing skill demands," Gulati said. The results, based on responses from 3,146 employers across India during April 2025, showed the outlook declining by one point from the previous quarter, while improving by 12-point year-on-year. "Despite the quarterly dip, the Indian hiring Outlook remains very animated. This optimism is driven by strong growth in the private services sector and expectations of economic benefits stemming from shifts in global trade dynamics-especially in relation to China," the report said. The report further noted that global trade uncertainty is shaping hiring decisions for 90 per cent of companies. The impact is particularly pronounced among employers in Energy & Utilities (94 per cent), Information Technology & Communication Services at (93 per cent each), closely followed by those in Financials & Real Estate at 91 per cent. "We are seeing a clear shift from volume hiring to building agile, digitally skilled teams. As organisations adapt to this new world of work, resilience and transformation will be key. At ManpowerGroup, we believe India is well positioned to lead in the region, and employers who invest in innovation and inclusive talent strategies will be best placed to thrive in the long-term," Gulati said. A sector wise analysis shows that Energy & Utilities, with an outlook of 50 per cent, showed an increase of 18 points since the prior quarter and this quarter last year. Information Technology comes in as the second leading sector with hiring intentions at 46 per cent, down eleven points year-on-year. The sector's strength reflects ongoing digital transformation needs and AI-related skill demands. Other strong performers include - Industrials & Materials (45 per cent), Financials & Real Estate (43 per cent) & Healthcare & Life Sciences (38 per cent). Region wise, the North region with a NEO of 46 per cent, showed an increase of 2 points since the previous quarter and 10 points since Q3 2024. This is followed by East (44 per cent), West (41 per cent) and South with 36 per cent NEO. Moreover, employers in India within large organisations of 1,000-4,999 employees showed the most optimism with a NEO of 52 per cent. Expectations in these organisations decreased by 6 points since the previous quarter but increased by 10 points since this time last year. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
2 days ago
- Business
- Time of India
Hiring confidence steady in India for July–September; IT, energy and BFSI to lead recruitment push, says ManpowerGroup employment outlook survey
Corporate India is expected to maintain a steady pace of hiring during the July–September 2025 quarter, with strong employer confidence in sectors such as IT, energy, and financial services helping offset global trade headwinds, according to the ManpowerGroup Employment Outlook Survey released on Tuesday. The report pegs India's Net Employment Outlook (NEO) at 42%, the second highest globally after the UAE. While slightly lower than the previous quarter, it marks a 12-point increase year-on-year, signalling continued strength in the domestic labour market, PTI reported. 'As we enter the third quarter of 2025, India's employment outlook remains robust. Despite a slight dip from Q2, the 12-point year-on-year gain highlights sustained employer confidence and growth momentum,' said Sandeep Gulati, Managing Director, ManpowerGroup India and Middle East. Private sector drives optimism Of the 3,146 Indian employers surveyed in April 2025, 54% plan to increase hiring, 32% expect to maintain current staffing levels, 12% anticipate cuts, and 2% are uncertain, the survey showed. The NEO is calculated by subtracting the percentage of employers expecting a fall in headcount from those projecting an increase. Globally, the UAE topped the hiring chart with a 48% NEO, followed by India (42%) and Costa Rica (41%). by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Pinga-Pinga e HBP? Tome isso 1x ao dia se tem mais de 40 anos Portal Saúde do Homem Clique aqui Undo Brazil and the Netherlands completed the top five with 33% and 30%, respectively. 'This optimism is driven by strong hiring intent in sectors such as Information Technology, Energy & Utilities, and Financial Services, where companies are actively expanding and accelerating digital transformation,' Gulati added. Despite geopolitical uncertainties and global trade disruptions, Indian employers continue to adapt: 82% report increased investment in automation, and 67% are reshaping workforce strategies to meet emerging skill demands. Sector and region-wise insights Among sectors, Energy & Utilities posted the strongest outlook at 50%, rising 18 points quarter-on-quarter and year-on-year. The IT sector followed at 46%, despite an 11-point decline from last year, reflecting ongoing demand for AI and digital transformation capabilities. Other high-growth sectors include Industrials & Materials (45%), Financials & Real Estate (43%), and Healthcare & Life Sciences (38%). Regionally, North India led with a NEO of 46%, up two points from the previous quarter and 10 points from the same period last year. The East followed at 44%, the West at 41%, and the South at 36%. Among organisations, large firms with 1,000–4,999 employees showed the highest hiring optimism, with a NEO of 52% — 10 points higher than a year ago despite a 6-point dip from the previous quarter. The report noted that 90% of global employers say trade uncertainty is influencing hiring. The impact is particularly strong in Energy & Utilities (94%), IT and Communication Services (93%), and Financials & Real Estate (91%). 'We are seeing a clear shift from volume hiring to building agile, digitally skilled teams,' Gulati said. 'Employers who invest in innovation and inclusive talent strategies will be best positioned to thrive.' Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
India Today
2 days ago
- Business
- India Today
Hiring plans steady in India Inc for Q3 FY25: Report
India's job market remains strong heading into the second quarter of FY26, with Indian employers continuing to show one of the most optimistic hiring intentions to the latest ManpowerGroup Employment Outlook Survey (MEOS) for Q3 2025, which reflects hiring sentiment for the July–September period, India reported a Net Employment Outlook (NEO) of 42%, among the highest report is based on interviews with over 40,000 employers across 42 countries and territories. It measures the difference between the percentage of employers planning to increase headcount and those expecting to reduce SECOND ONLY TO UAE IN HIRING OUTLOOKIndia ranked second globally, behind the UAE, which reported the strongest hiring sentiment with a NEO of 48%. Costa Rica followed with 41%. India's NEO rose by 12 percentage points year-on-year, signalling confidence among employers despite global economic uncertainty. Hiring in India in September quarter to remain strong. (Image: ManpowerGroup Employment Outlook Survey) In the Asia-Pacific region, India led the hiring momentum, with countries like China (28%) and Singapore (24%) trailing. The global average NEO stood at 24%, reflecting a slight dip of one percentage point from the previous quarter, but still two percentage points higher than the same period last Technology continued to show the brightest outlook globally, with a NEO of 36%. In India, the Financials and Real Estate sector stood out, posting the strongest global hiring outlook for that industry at 43%. Other sectors in India showing strong hiring plans included Industrials and Materials (26%), and Energy and Utilities (28%).Employers said company growth remained the main driver of hiring plans, with 37% stating they were expanding teams due to business expansion. Other reasons included the need for new skills, technological advancements, and evolving service CHALLENGES BEHIND HIRING REDUCTIONSAmong employers globally who plan to reduce staff, 34% cited economic challenges as the top reason. Other reasons included shifting market demands, automation, and restructuring. About 21% said automation had made certain roles outlooks were strongest among large employers. Companies with 1,000 to 4,999 employees reported a NEO of +29%, while those with more than 5,000 employees followed closely with +27%. Small firms with fewer than 50 employees reported lower confidence, with a NEO of +16%.AUTOMATION INVESTMENTS AND DEMOGRAPHIC CHANGESAround 61% of employers globally said they are increasing investment in automation, especially in sectors like IT, manufacturing, sales, logistics, and operations. At the same time, 57% of companies said they are future-proofing their workforce as they prepare for the retirement of older survey also noted that global trade uncertainties were affecting hiring decisions, with 89% of companies acknowledging that trade-related risks are influencing their workforce data suggests that while India Inc remains upbeat on hiring, broader challenges like automation, rising costs, and global volatility may shape how companies plan their talent strategies in the coming quarters. advertisement
