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There will be a lot of jobs in the country in the July-September quarter. People can get more jobs this time than in the last 8 years. A survey has said that 63 percent of companies will need additional people to accelerate the reform process and to maintain the growth rate of the economy, which will make companies recruit faster. However, during this period, about 12 percent of companies can lay off people.
No change is expected in 24% of companies. That is, neither they will remove the employees nor will they recruit new people. According to the Manpower Group Employment Outlook Survey, the net employment outlook for the third quarter is likely to be 51%, the highest since 2014. Employment outlook refers to the potential for an increase in the number of employees.
India best in Asia-Pacific
There will be more demand in digital
- The highest demand is going to come in the role of digital. The best scenario is in IT and Tech. It is followed by banking, finance, insurance and real estate at 60 per cent while other services have a better outlook at 52 per cent. Restaurants and hotels have a better outlook of 48 per cent, manufacturing 48 per cent.
- Gulati said the need for services with digitization, automation and tech is increasing. This is also increasing the demand for Indian IT professionals across the world, due to which IT and Tech top the Indian job market.
Despite volatility, many sectors boom
Sandeep Gulati, MD, Manpower Group Employment, said that despite rising inflation and increasing volatility at the global level, the recovery process is accelerating in many sectors of the country. 3,000 companies were included in the survey. There has been an improvement of 46 percentage points in the recruitment sentiment in the September quarter as compared to the same quarter last year. There has been an increase of 13 percentage points in comparison to April-June.