Highlights

  • ManpowerGroup Report based on survey of 3000+ employers in India
  • Employers report conservative hiring intentions in January-March quarter versus previous quarter



Latest news

EC withholds Lakshadweep Lok Sabha bypoll after HC suspends conviction, sentence of MP

EC withholds Lakshadweep Lok Sabha bypoll after HC suspends conviction, sentence of MP

Parliament's Budget session from Tuesday, President Murmu to address joint sitting of two Houses

Parliament's Budget session from Tuesday, President Murmu to address joint sitting of two Houses

Siddharth Anand says directing Shah Rukh Khan film is a 'responsibility', hints at ‘Pathaan 2’

Siddharth Anand says directing Shah Rukh Khan film is a 'responsibility', hints at ‘Pathaan 2’

John Abraham and Deepika Padukone share experience of working with Shah Rukh Khan in ‘Pathaan’

John Abraham and Deepika Padukone share experience of working with Shah Rukh Khan in ‘Pathaan’

New Zealand-bound flight lands at the same airport it took off from. Here's why

New Zealand-bound flight lands at the same airport it took off from. Here's why

Hiring activity in India to weaken amid global recession fears

The latest edition of the Manpowergroup employment survey reveals that hiring activity in India will weaken in the January to March quarter over global recession concerns

Amid fears of a global recession looming large, hiring activity in India could slowdown in the January to March 2023 quarter.

The latest ManpowerGroup Employment Outlook Survey says that Indian employers' hiring intentions are conservative for the current quarter compared to the previous one.

The survey of over 3000 employers, shows that around 48% of Indian companies said that they would hire more people in March quarter, while 16% of the companies expect a reduction in hiring intent and 34% plan to keep the workforce steady.

The report says that India’s net employment outlook stands at 32% implying that hiring intentions have fallen 17% on a year-over-year basis and 22% on a quarter-on-quarter basis. Despite this, at 32% net employment outlook, India remains among the countries with the most optimistic outlooks.

The report goes on to say that hiring confidence has taken a hit across countries, amid concerns of a recession coupled with inflationary pressures. Apart from India, countries which report the most optimistic outlooks include Singapore (33%) and Australia (32%). While the employment outlook is most cautious in Japan (8%) and Taiwan (11%).

Up Next

Hiring activity in India to weaken amid global recession fears

Hiring activity in India to weaken amid global recession fears

Retail inflation likely to fall to 5% by March: SBI Report

Retail inflation likely to fall to 5% by March: SBI Report

Will take measures to further ease inflation says Finance Minister in Lok Sabha

Will take measures to further ease inflation says Finance Minister in Lok Sabha

Oyo to downsize 600 employees, hire 250 executives

Oyo to downsize 600 employees, hire 250 executives

What is retail digital rupee?

What is retail digital rupee?

Stocks rally, dollar slumps as US inflation eases

Stocks rally, dollar slumps as US inflation eases

More videos

Another rate hike is here; Fed hikes interest rates 75 basis points

Another rate hike is here; Fed hikes interest rates 75 basis points

RBI keeping ‘Arjun’s eye’ on inflation says Guv Shaktikanta Das

RBI keeping ‘Arjun’s eye’ on inflation says Guv Shaktikanta Das

US Fed set for further steep rate hike as recession fears loom?

US Fed set for further steep rate hike as recession fears loom?

Why RBI will hold a special meeting on November 3

Why RBI will hold a special meeting on November 3

Report: Delhi's IGI airport world's tenth busiest post COVID-19

Report: Delhi's IGI airport world's tenth busiest post COVID-19

RBI lists reasons why inflation is set to easy in coming days

RBI lists reasons why inflation is set to easy in coming days

As rupee plunges, Finance minister Nirmala Sitharaman explains the cause

As rupee plunges, Finance minister Nirmala Sitharaman explains the cause

Gujarat's GIFT city to get gold imports from UAE

Gujarat's GIFT city to get gold imports from UAE

India's economy to grow despite world is ‘dangerous’: FM Sitharaman

India's economy to grow despite world is ‘dangerous’: FM Sitharaman

IMF cuts 2023 global growth, says ‘worst is yet to come’

IMF cuts 2023 global growth, says ‘worst is yet to come’

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.