Indian hiring of professionals and managers at a low - January 9, 2013

A global report, “13th Antal annual global snapshot” has tabulated that hiring in professional and managerial positions has gone down to 40%, a 7% drop from the previous year. However, it is also estimated that it would increase to 43% in no time. This is the lowest in Asia and pressure of producing more output is the main reason for this downturn in hiring. The dark cloud’s silver line lies in the fact that eviction rates have dropped down considerably from 20% in April to 18% in August, 2012.

Source: www.financialexpress.com, January 9, 2013. “Hiring at managerial, professional levels shrinking: Survey”