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Indian Job Market - Sad Story   ( 11-03-2009 )
Global meltdown seems to have taken its toll on the hiring pace in the Indian job market.  According to the global staffing services firm Manpower , recruitment plans for the next three months of the year are considerably weak as employers remain hesitant about adding new employees at this time.  God knows when right time will come. 

The Manpower Employment Outlook Survey of hiring trends released on Tuesday reveals that only 25% of employers have positive hiring plans for April-June 2009. Hope this is the beginning of the good news.  For the January-March period of this year India reported the worst-ever net employment outlook of 19%. This relatively slow pace in hiring in the second quarter can be attributed to the employers’ focus on maintaining their workforce at current levels.

If the story sounds sad, rethink as India has emerged as the most optimistic nation for hiring globally. Employers in Singapore, New Zealand and Taiwan expect the deepest cuts in their payrolls, from three months ago.
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