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13 March 2018, 09:27 | Joann Bryant
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Indian companies are the eighth most optimistic lot globally in terms of hiring intentions for April-June with 16 per cent of employers likely to add more staff during the period, while Croatia topped the pack, says a survey. ManpowerGroup interviewed over 59,000 employers globally and found that the job markets are upbeat in Taiwan, Japan, Hungary, and the USA, while Italy, the Czech Republic, and Switzerland presented weak outlooks.
The results from Indianapolis employers show a 23 percent net employment outlook, a dramatic increase from the 13 percent reported for this quarter. Hiring prospects improve by two percentage points when compared with the previous quarter, and are also two percentage points stronger when compared with this time one year ago. However, Gauteng employers report an improvement of six percentage points, while outlooks for Eastern Cape and KwaZulu-Natal remain relatively stable.
The survey found 26 percent of IN respondents plan to increase staff; 3 percent plan to decrease; and 71 percent expect to maintain current workforce levels. Public and social sector employers report modest hiring plans with an outlook of +7%, while some payroll gains are forecast for the mining and quarrying sector, where the outlook stands at +6%. Meanwhile, the weakest hiring climate is anticipated in Free State where the Outlook is +1%. However, outlooks weaken in four sectors, including the electricity, gas and water sector with a decline of 12 percentage points, and the wholesale and retail trade sector, where employers report a decrease of six percentage points.
ManpowerGroup Australia & New Zealand managing director Richard Fischer believes the national NEO of +10% is clear evidence of a strong labour market while noting that there are distinct differences across the country.
The advisory firm said large enterprises with a workforce of 250 employees or more have a higher hiring outlook than their medium and small-sized counterparts, with the net employment outlook at 29 percent.
Steve Stokes, Manpower's northeast IN area manager, said the local employment office is seeing strong demand for general manufacturing positions, especially IN automotive plants. "While Canada experienced a net loss of jobs in January, prospects for the upcoming quarter remain strong, led by exceptionally strong growth in Quebec where employers are hiring across multiple sectors".
Mr Fischer also said that despite softening in key sectors the outlook overall is strong and continues to be positive for hopes of wage increases in the coming quarters. Hiring plans improve in five countries and territories year-over-year, decline in two and are unchanged in one. Seasonal adjustment is then applied to the data.
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