India tops Forbes list of best countries for new jobs next year

December 15th, 2010 - 8:29 pm ICT by IANS  

By Arun Kumar
Washington, Dec 15 (IANS) India has pulled ahead of China to take first place in the Forbes list of best countries for new jobs next year, with a whopping 42 percent net hiring outlook for the first quarter of 2011.China follows close behind at 40 percent, a 2 percent decrease from last quarter. Taiwan comes in third, with a net employment outlook of 37 percent, the US business magazine reported based on latest global employment outlook survey by the staffing firm Manpower.

The net hiring outlook is the number of employers surveyed who expect to increase their employment rolls minus the percentage who expect to decrease them.

“The results are striking, if not surprising,” Forbes said referring to “that unbelievable job growth” reflected in the survey of 64,000 human resource directors and senior hiring managers from public and private companies worldwide.

Brazil rates fourth on the tally of the nations with the greatest optimism with a net hiring outlook is 36 percent, driven by a 7 percent gross domestic product growth rate, three times higher than in the US.

Next in line after Brazil is Turkey, with a net hiring outlook of 27 percent followed by Singapore at 26 percent.

The countries rounding out the list include Peru, Costa Rica and Argentina as well as Australia and Hong Kong.

“How does the US rate? Better than you might expect,” Forbes said noting it has a 9 percent net hiring outlook.

The survey shows that almost half, 47 percent of them, of expectations for hiring in the first quarter of 2011 came from 10 countries in the Americas, 24 percent from eight countries in Asia and the Pacific, and 29 percent from Europe, the Middle East and Africa.

“This is very much a macro-economic look at new job creation,” the staffing firm’s chairman and chief executive, Jeffrey Joerres, was cited as saying.

(Arun Kumar can be contacted at arun.kumar@ians.in)

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