Key Points
The Net Employment Outlook (NEO) of India, during the third quarter of calendar year 2024 (Q3CY24), is likely to go up by 30%, according to a study conducted by ManpowerGroup...
The study, conducted across 3,150 employers, further reveals that in India, financial and real estate industries are forerunners in creating employment, followed by healthcare and life sciences...
All sectors have, however, declined when compared to the same period last year Among the industry size, large organisations with 1,000 to 4,999 head count indicate strongest highest NEO (42%), followed by small and medium organisations (34%) and large enterprises (30%)..
When compared to the same period last year, there is an overall decrease across industry sizes with no change in the small industries Sector-wise, financials and real estate sector, and healthcare and life sciences continue to dominate the market with strongest hiring intentions (39% and 36% respectively)..
The weakest outlook is indicated in communication services and transport, logistics and automotive (17%) More than 62% of employers have adopted AI, including generative conversational AI, with 80% of the senior leadership team optimistic about the positive impact of AI on overall business as opposed to 68% of frontline and factory workers ..
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