<p>The pre-Covid-19 level of hiring by companies is likely to return in the next two quarters indicating a gradual recovery in the economy.</p>.<div><p>According to a survey of 1,518 employers in India during the month of October across the country conducted by ManpowerGroup, around 65% of employers are looking to hire in the next six months, while 23% of them are hiring in the next three months.</p><p>Another 18% employers are hopeful of recruiting new employees after June and before September next year, while 10% of them are unsure of new hiring, the survey revealed.</p><p>The Employment Outlook Survey, conducted by the Manpower Group for Q1 of 2021, shows that large-sized businesses, with a workforce count of more than 250 employees are also anticipating quick hiring within the next year. Medium-sized companies, with a workforce count of up to 250 people, are highly anxious to start hiring again. About 22% of the companies interviewed said that they wanted to resume normal level hiring by the end of December 2020.</p><p>Small businesses, which employ up to 50 people, are anxious to get their business flowing. About 37% of them wanted to resume normal hiring within the next 4-9 months, between December 2020 and June 2021.</p><p>Among the sectors that will lead the job market are: Finance, Insurance, Real Estate and Manufacturing sectors. The strongest hiring pace is recorded in the small-sized organisations followed by the large and medium-sized organisations. From a region perspective, East indicates a more positive outlook followed by West.</p><p>"Corporate India is showing healthy signs of recovery and overall positive sentiment is gripping the market. Many of the deep-rooted structural factors that have sustained Indian economy over the years like geopolitical stability, diversified economy, and demography among others are likely to play a pivotal role in the new normal," Sandeep Gulati, Group Managing Director, ManpowerGroup India said.</p><p>The recent Labour reform bills passed in the Lok Sabha will also benefit the labour force and employers, alike, he said.</p><p>According to the survey, the construction industry is the only industry surveyed where all employers stated that they wanted to return to pre-Covid-19 level hiring within the next year. The other industries surveyed floated between 80-90%. Public admin and Education had the lowest intent to hire within the next year comparatively with only 58% responding positively.</p><p>About 47% of the organisations in the finance, insurance, and real estate sector intend to return to pre-Covid-19 hiring within the next 4-9 months, between December 2020 and June 2021, the ManpowerGroup survey revealed.</p></div>
<p>The pre-Covid-19 level of hiring by companies is likely to return in the next two quarters indicating a gradual recovery in the economy.</p>.<div><p>According to a survey of 1,518 employers in India during the month of October across the country conducted by ManpowerGroup, around 65% of employers are looking to hire in the next six months, while 23% of them are hiring in the next three months.</p><p>Another 18% employers are hopeful of recruiting new employees after June and before September next year, while 10% of them are unsure of new hiring, the survey revealed.</p><p>The Employment Outlook Survey, conducted by the Manpower Group for Q1 of 2021, shows that large-sized businesses, with a workforce count of more than 250 employees are also anticipating quick hiring within the next year. Medium-sized companies, with a workforce count of up to 250 people, are highly anxious to start hiring again. About 22% of the companies interviewed said that they wanted to resume normal level hiring by the end of December 2020.</p><p>Small businesses, which employ up to 50 people, are anxious to get their business flowing. About 37% of them wanted to resume normal hiring within the next 4-9 months, between December 2020 and June 2021.</p><p>Among the sectors that will lead the job market are: Finance, Insurance, Real Estate and Manufacturing sectors. The strongest hiring pace is recorded in the small-sized organisations followed by the large and medium-sized organisations. From a region perspective, East indicates a more positive outlook followed by West.</p><p>"Corporate India is showing healthy signs of recovery and overall positive sentiment is gripping the market. Many of the deep-rooted structural factors that have sustained Indian economy over the years like geopolitical stability, diversified economy, and demography among others are likely to play a pivotal role in the new normal," Sandeep Gulati, Group Managing Director, ManpowerGroup India said.</p><p>The recent Labour reform bills passed in the Lok Sabha will also benefit the labour force and employers, alike, he said.</p><p>According to the survey, the construction industry is the only industry surveyed where all employers stated that they wanted to return to pre-Covid-19 level hiring within the next year. The other industries surveyed floated between 80-90%. Public admin and Education had the lowest intent to hire within the next year comparatively with only 58% responding positively.</p><p>About 47% of the organisations in the finance, insurance, and real estate sector intend to return to pre-Covid-19 hiring within the next 4-9 months, between December 2020 and June 2021, the ManpowerGroup survey revealed.</p></div>