India Employment Outlook

A robust labor market is forecast by Indian employers

The Manpower
Employment Outlook
Survey for the fourth quarter
2009 was conducted by
interviewing a
representative sample of
5,637 employers in India.
All survey participants were
asked, “How do you
anticipate total employment
at your location to change
in the three months to the
for Quarter 4 2009. With 36% of employers anticipating
an increase in headcount, 2% expecting a decrease and
56% predicting no change, the resulting Net
Employment Outlook is a bright +34%.
Throughout this report, we use the term “Net
Employment Outlook.” This figure is derived by taking
the percentage of employers anticipating total
employment to increase, and subtracting from this the
percentage expecting to see a decrease in employment
at their location in the next quarter. The result of this
calculation is the Net Employment Outlook.
Quarter-over-quarter, the Outlook has improved by a
considerable 11 percentage points. However, compared
to Quarter 4 2008, hiring intentions are considerably
weaker, with the Outlook declining by 14 percentage
points.
Once seasonal adjustments are added to the data, the
Outlook is a strong +25%. This reflects a moderate 6
percentage point improvement quarter-over-quarter.
Year-over-year, however, the Outlook is 14 percentage
points weaker.

end of December 2009 as From this point forward, all data discussed in the
commentary is seasonally adjusted, unless stated
compared to the current otherwise.

quarter?”
Net Employement Seasonally
Increase Decrease No Change Don't Know
Outlook Adjusted
% % % % % %
4rd Quarter 2009 36 2 56 6 +34 +25
3rd Quarter 2009 30 7 45 18 +23 +19
2nd Quarter 2009 25 6 64 5 +19 +25
1st Quarter 2009 22 4 63 11 +18 +24
4th Quarter 2008 50 2 34 14 +48 +41