Survey reveals good times for unemployed Indians, 2016 to see highest rise in employment

Thanks to the positive economic sentiment, India’s employment scenario is set to increase and the country is expected to see the highest rise in hiring process this year in the whole Asia/Australia region, reveals a survey.

The ninth annual Global Business and Spending Monitor survey, which was conducted by American Express in partnership with CFO Research, has said that 83% of Indian executives are expecting their companies to hire more and 52% of those surveyed expect that the employment would grow by over 10%.

"Sustained high level of optimism towards growth will see India as a bright spot for hiring as companies get ready to add to the government's initiative towards improving job-oriented skills in the country," said Saru Kaushal, American Express Global Corporate Payments Country Business Head.

The survey included senior finance and corporate executives from large companies around the world, and showed that this year financial executives from across the globe expect their companies' headcount to increase by 9% on an average.

However, a lack of talent crunch is what could halt this recruitment drive.

"7 out of 10 Indian executives polled that their companies' performance goal has been impeded by inability to hire requisite positions in sales and marketing," the report said. 60% of respondents said that their companies have faced difficulty in hiring more skilled and specialised workers.

Not only this, the survey added that around 60% of Indian executives expect to raise wages or salaries so that employees can be retained, while 53% are looking at improving the working environment and rotate key employees for doing so.

"From improving working environment to rotating employees through various departments, companies are planning to introduce measures in this direction and trying to keep their attrition rates at the lowest levels," Kaushal added.

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