Wednesday, December 8, 2010

Recruitment likely to remain bullish in December


The July-September period saw a surge in hiring activities in India. 
Out of 9,117 companies surveyed by recruitment firm, Antal International, across 52 countries, 76 per cent of organizations in India made active hirings in the July-September. Attrition rate is also expected to decline during the remainder of 2010 from the September quarter. The result is that for HR heads worldwide the challenge is now shifting from headcount reduction to sourcing talent, as markets are improving. Last quarter 54% firms were hiring as compared to 57% this year.

Globally, Asia stands out as the healthiest jobs market for managers and professionals with 86 per cent hiring trend in Thailand, China (81 per cent), Philippines (80 per cent) and Singapore (79 per cent). Pakistan's relatively poor performance at just 62 per cent also remains impressive by global standards.

The Antal report is based on material sourced from over 9,100 businesses in commerce, industry and the financial services sector across 52 countries in September and October 2010.



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