Blog Image
Profile Image Verifile
May 26 2016

Employment Outlook Shows Boom in Hiring for 2016

"According to the ninth annual Global Business and Spending Monitor survey conducted by American Express in partnership with CFO Research, 83% of Indian executives expect their companies to hire more and 52% of respondents expect employment to 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,"" American Express Global Corporate Payments Country Business Head Saru Kaushal said. However, a talent crunch could put an end to 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. Moreover, 60% of respondents say their companies have been affected by difficulty in hiring more skilled and specialised workers."" Half of respondents find it difficult to fill positions for IT staff, administration and support staff and offshore or outsourced positions."