Jobs update: These 7 sectors are hiring big time in India

Indian employers report positive hiring plans for third quarter in 2012. With 55 per cent of employers expecting to increase staffing levels, 2 per cent forecast a decrease and 32 per cent anticipate no change, according to the latest Manpower Employment Outlook Survey.

The Manpower Employment Outlook Survey for the third quarter 2012 was conducted by interviewing a representative sample of 5,244 employers in India.

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Regional comparison

Employers in all four regions – North, South, East and West anticipate an increase in staffing levels during the upcoming quarter.

When compared with the previous quarter, hiring prospects strengthen by a steep margin of 27 percentage points in the East, and the Outlook for the West improves by 2 percentage points. However, a 7 percentage point decline is reported by employers in the South.

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Payroll comparison

Employers anticipate payroll gains in all four regions during the next three months, with the most optimistic hiring plans reported in the East and the West.

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Sector comparison

Here are the sectors which have reported the most optimistic hiring plans: 

Finance, Insurance and Real Estate:

Employers forecast a booming labour market in the upcoming quarter. The Outlook remains relatively stable quarter-over-quarter and improves by 8 percentage points year-over-year.

Based on unadjusted survey data, employers report bullish hiring plans for the next three months.

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Manufacturing

Employers forecast a vigorous hiring pace in the July-September period. Quarter-over-quarter, hiring prospects improve by 4 percentage points and employers report a 6 percentage point increase year-over-year.

Employers anticipate a dynamic labour market in the coming quarter. Hiring plans are moderately stronger both quarter-over-quarter and year-over-year.

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Mining and Construction

The Outlook remains relatively stable quarter-over-quarter but improves by 4 percentage points year-over-year.

Based on unadjusted survey data, employers report bullish hiring plans for the upcoming quarter. The Outlook is considerably stronger when compared with the previous quarter and also improves moderately year-over-year.

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Public Administration and Education

Job seekers can expect to benefit from a dynamic hiring pace in Quarter 3 2012, according to employers. The Outlook improves by 6 percentage points quarter-over-quarter and by 14 percentage points year-over-year.

Based on unadjusted survey data, employers expect vigorous hiring activity in the coming quarter. The Outlook is moderately stronger quarter-over-quarter and improves considerably year-over-year.

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Services

Employers report bullish hiring plans for the July-September time frame. While the Outlook is 2 percentage points weaker quarter-over-quarter, it improves by 7 percentage points year-over-year.

Based on unadjusted survey data, employers forecast a booming labour market in the next three months. The Outlook improves slightly when compared with the previous quarter and is moderately stronger year-over-year.

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Transportation and Utilities

Employers report the strongest hiring prospects since the survey began in Quarter 3 2005. The Outlook is considerably stronger both quarter-over-quarter and year-over-year, improving by 10 and 12 percentage points, respectively.

Based on unadjusted survey data, employers anticipate a vigorous hiring pace in Quarter 3 2012. The Outlook is considerably stronger both quarter-over-quarter and year-over-year.

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Wholesale and Retail Trade

Employers expect a dynamic labour market in the next three months. Hiring prospects remain relatively stable both quarter-over-quarter and year-over-year.

Based on unadjusted survey data, employers report bullish hiring plans for Quarter 3 2012. The Outlook is moderately stronger both quarter-over-quarter and year-over-year.