Indian companies on a hiring spree, shows global survey: Jobs in 2009-2010

Hiring by India-based companies has increased significantly since September 2009, and the present recruitment level in India is one of the highest in the world, according to the findings of a survey.

The quarterly global survey conducted by the international recruitment company Antal International asked over 6,000 companies in 30 countries whether they are hiring at managerial-level and professional-level and whether they plan to do so in the coming quarter, too.

As much as 71% of the companies in India surveyed said they are currently hiring, compared to about half of that in September 2009.

The survey report by Antal International also said that India-based companies are planning to enhance their hiring activity even more – with 78% of them intending to hire managerial staff over the next 3 months.

Nigeria – at 79% – is the only country that has a hiring rate higher than that of India’s.

Joseph Devasia, managing partner of Antal International, said in a statement that “confidence is back at its peak in India’s job markets” and that “it’s happy days again for job-seekers.”

The manufacturing and automobile sectors – along with the traditional FMCG, IT, pharmaceutical companies – have stepped up hiring, in contrast to what was seen in Antal’s previous survey, Joseph Devasia said. The increased in hiring activity, according to him, indicates that the need for “exceptional talent” is now more than ever.

On the hiring situation in India, the survey report stated that, combined with “a very low rate of letting people go (16%, and set to fall by a further 3%) the results indicate a “strong employment market which is improving all the time.”

The global survey conducted by Antal International revealed that China and Pakistan, too, have high rates of hiring – at 71% and 70%, respectively. While China foresees a rise in recruitment activity, Pakistan has predicted a decline in hiring activity by 25%, according to the survey.

The Antal report said that though globally some countries are still seeing a drop in the job market, the global picture has certainly improved again. As a result of this, according to Tony Goodwin, CEO of Antal International, there are already the first clear signs of companies once again thinking in terms of the “war for talent.”

Meanwhile, the 5th IDC-Dataquest T-School 2009 survey has shown that the worldwide economic recession has caused a decrease in the placement of engineering graduates in India – with only very few technology schools reporting 100% placement.

According to the survey, there has been a drop, on an average, of 11% in the placement of engineering graduates from 111 technology schools in India in 2009, compared to the previous year, except for 16 of them which achieved 100% absorption.

Of the 54 companies which visited the campuses of technical schools, over half were from the information technology sector and the business process outsourcing (BPO) sector.

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