Only 1 in 5 cos plans to hire in next qtr

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Just one in five companies plan to hire in sizeable numbers next quarter while 52% don’t see any change in headcount, a ManpowerGroup survey of over 5,100 employers shows. Sectors with the strongest hiring sentiment include public administration, education, wholesale and retail trade, besides manufacturing and construction. The report comes at a time when industries ranging from automobiles to FMCG to real estate are cutting jobs in the face of an unprecedented slowdown. But despite the muted projections, the ManpowerGroup study says, India is the fourth most optimistic market among the 44 surveyed.

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