The survey, conducted among over 4,600 employers across India in various segments of industries, noted that although the hiring pace will slow, few staff reductions are expected.NEW DELHI: Indian companies are the eighth most optimistic lot globally in terms of hiring intentions for April-June with 16 per cent of employers likely to add more staff during the period, while Croatia topped the pack, says a survey. Expectations in the Wholesale & Retail Trade sector have increased by seven percentage points compared to the same period previous year, while employers in the Finance, Insurance & Real Estate sector report an increase of four percentage points. "In the coming times, technology will change the job market dynamics and individuals need to adopt skillsets to remain employable", said AG Rao, group managing director at ManpowerGroup India.
Hiring prospects weaken in three of the four regions when compared with the previous quarter.
Manpower's national survey results found employers in every industry sector planning to hire, with leisure and hospitality; professional and business services; and wholesale and retail trade reporting the strongest demand. Elsewhere, Services sector employers report upbeat hiring plans with an Outlook of +20%, while Outlooks stand at +15% and +12% in the Finance, Insurance & Real Estate sector and the Transportation & Utilities sector, respectively.
 The Net Employment Outlook is calculated by subtracting the percentage of employers anticipating a decrease in hiring activity from the percentage of employers anticipating an increase in employment.
Overall, the report finds that the favourable hiring climate observed in Q1 2018 expected to continue in Q2, with workforce gains anticipated in all seven industry sectors studied.
Employers in all four regions expect to increase payrolls during the next three months. However, uncertain hiring plans are reported by small and micro-size businesses with employment outlooks of -1% and -5%.
The company said 35 per cent of the local employers it surveyed expect to hire in the April to June period, while two per cent expect cutbacks. Employers in the South and the West report relatively stable hiring intentions when compared with the second quarter of 2017. Some upward momentum is detected in the year-over-year comparison with forecasts improving in 25 of 43 countries and territories, declining in 13, and remaining unchanged in five.
Mining and Construction report an outlook of (+26 percent) and the number appears to be improving considerably both quarter-over-quarter and year-over-year.