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India Inc scores high on hiring prospects in Q3, says survey

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New Delhi , June 14

INDIAN employers are the most upbeat about hiring prospects in their companies during the third quarter of 2005, according to a global survey on employment patterns by businesses in 23 countries by global staffing firm Manpower Inc.

The Manpower Employment Outlook Survey, which has included India for the first time, showed that as many as 41 per cent of the 2,488 employers surveyed across seven sectors in the country were planning to hire more people during July-September 2005.

India's overall Net Employment Outlook, therefore, stood at 34 per cent, much ahead of China (13 per cent), the US (25 per cent), the UK (12 per cent) and Japan (14 per cent).

Most European nations including Germany, France, Austria, Belgium and the Netherlands were also comparatively less optimistic about hiring intentions though the expectations improved compared to the previous quarter.

Swiss employers appeared least optimistic with Net Employment Outlook of zero. The survey covered seven sectors: finance, insurance and real estate, manufacturing, mining and construction, public administration and education, services including IT and ITES, transport and utilities, wholesale and retail trade.

In India, the survey was conducted across 24 cities during April. According to the survey, services and finance sectors anticipate a booming third quarter with net employment outlook at 44 per cent and 41 per cent respectively.

The survey for India addresses the requirements of Indian companies and economic stakeholders giving reliable, forward looking data on both the national and international labour markets.

Globally, 45,000 public and private employers were interviewed to measure the anticipated employment trends.

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