EMPLOYER CONFIDENCE HITS 2005 LOW

New Delhi, June 13: Indian employers expect steady hiring outlook for next three months, but their confidence has dipped to the least optimistic level since 2005 amid uncertainties in global markets, says a report.

Globally, the strongest third-quarter hiring plans were reported in Japan, Taiwan, Hungary, while India was ranked at the seventh place with a net employment outlook of just 14 per cent.

“In the wake of uncertainties in global markets, employers in India are adopting a wait-andwatch policy. This is probably the reason we are not seeing them commit to the same optimistic hiring plans,” ManpowerGroup India Group MD A.G. Rao said.

The survey of 4,910 employers across India indicated that the hiring activity is expected to slow for the sixth consecutive quarter.

Mr Rao noted that technology has restructured the way the world functions and organisations are embracing these technologies based on changing business requirements.

“It is important for Indian employers to redefine their workforce strategies and adopt innovative ways to leverage the strength of their employees and stay competitive in an increasingly volatile economy,” Mr Rao said.

THE MOST cautious outlook for the next three months was reported by manufacturing, finance, insurance and real estate and mining