Employers in most regions and sectors surveyed expect modest headcount growth during Q2 2009, with hiring intentions strongest in India, China, and certain sectors. However, hiring plans have weakened considerably compared to Q2 2008. The report provides analysis of employment outlooks by region, sector, and country for Q2 2009 based on a survey of over 72,000 employers globally.

1. Q2 2009
Manpower
Employment
Outlook Survey
India
A Manpower Research Report

2. 2

3. Q2/09
Manpower Employment Outlook Survey India
Contents
India Employment Outlook 1
Regional Comparisons
Sector Comparisons
Employment Outlook 14
International Comparisons – Asia Pacific
International Comparisons – Americas
International Comparisons – Europe
International Comparisons – EMEA
About the Survey 23
About Manpower 24

4. 4

5. India Employment Outlook
Indian employers predict steady headcount growth during
The Manpower Quarter 2 2009. With 25% predicting an increase in
headcount, 6% forecasting a decrease and 64%
Employment Outlook anticipating no change, the resulting Net Employment
Outlook stands at a favorable +19%.
Survey for the second
Throughout this report, we use the term “Net Employment
quarter 2009 was Outlook.” This figure is derived by taking the percentage
of employers anticipating total employment to increase,
conducted by interviewing a and subtracting from this, the percentage expecting to
see a decrease in employment at their location in the next
representative sample of quarter. The result of this calculation is the Net
Employment Outlook.
3,335 employers in India. Quarter-over-quarter, hiring intentions have remained
All survey participants were relatively stable, but comparison with Quarter 2 2008
reveals a 17 percentage point decline in the Outlook,
asked, “How do you reflecting considerably weaker hiring plans.
Once seasonal adjustments are added to the data, the
anticipate total employment Outlook is a healthy +25%, reflecting solid opportunities
for job seekers over the upcoming quarter. Quarter-over-
at your location to change quarter, the Outlook improves by a moderate 6
percentage points, although it is weaker by a considerable
in the three months to the 17 percentage points year-over-year.
end of June 2009 as From this point forward, all data discussed in the
commentary is seasonally adjusted, unless stated
compared to the current otherwise.
quarter?”
5

6. Manpower Employment Outlook Survey India
Regional Comparisons
Employers in all four regions predict a strong labor market the West. In the East there is more consistency with
in Quarter 2 2009, with the most optimistic forecast in the Quarter 1 2008, and the Outlook has only declined by a
East, where the Net Employment Outlook stands at slight 2 percentage points.
+27%. Outlooks for the South, West and North are
Based on unadjusted survey data, employers in all four
+24%, +23% and +22%, respectively.
regions predict positive hiring activity for the forthcoming
Quarter-over-quarter, hiring intentions have strengthened quarter. The strongest hiring intentions are reported in the
in all four regions. In the East, the Outlook is 7 percentage East, where the Outlook is a healthy +24%, followed by
points stronger, while in the South and West, it has the South, where the Outlook is +20%. In the North and
improved by 5 percentage points, and by 4 percentage the West, favorable Outlooks of +17% are reported.
points in the North. Quarter-over-quarter the Outlook remains relatively stable
in two regions, the North and West, and improves slightly
However, year-over-year comparison reveals weaker
in the East and South. Year-over-year, the Outlook has
hiring plans in all four regions. The Outlook has declined by
declined in all four regions.
a considerable 19 percentage points in both the North and
South, and there is a similar 18 percentage point decline in
6

7. North + 22 (22)% East + 27 (27)%
With a Net Employment Outlook of +22%, employers in In the East, employers predict a particularly healthy
the North forecast solid headcount growth during hiring climate in Quarter 2 2009. With a Net
Quarter 2 2009. Their hiring plans have strengthened Employment Outlook of +27%, employers report a
slightly, quarter-over-quarter, with a 4 percentage point moderate 7 percentage point improvement in hiring
improvement in the Outlook. Year-over-year, however, prospects quarter-over-quarter. Year-over-year, however,
the Outlook is weaker by a considerable 19 percentage the Outlook is slightly weaker, by 2 percentage points.
points.
Based on unadjusted survey data, the Outlook is +24%,
Based on unadjusted survey data, the Outlook is +17%, following a slight 4 percentage point improvement
and has remained relatively stable quarter-over-quarter. quarter-over-quarter. Year-over-year, the Outlook has
Year-over-year, the Outlook is weaker by 19 percentage declined by 2 percentage points.
points.
South + 22 (22)% West + 27 (27)%
In the South, employers predict an active labor market With a Net Employment Outlook of +23%, employers in
in Quarter 2 2009, reporting a Net Employment Outlook the West forecast strong hiring prospects for the
of +24%. Quarter-over-quarter, the Outlook improves by forthcoming quarter. The current Outlook is a 5
5 percentage points, but year-over-year it is a percentage point improvement on Quarter 1 2009,
considerable 19 percentage points weaker. revealing stronger hiring intentions. But year-over-year,
the Outlook declines by 18 percentage points.
Based on unadjusted survey data, the Outlook is +20%.
Quarter-over-quarter, it has improved by 2 percentage Based on unadjusted survey data, the Outlook is +17%,
points while year-over-year there has been a relatively stable quarter-over-quarter but weaker by 18
considerable 19 percentage point decline. percentage points year-over-year.
7

8. Manpower Employment Outlook Survey India
Sector Comparisons
Employers in all seven industry sectors expect Comparison with Quarter 2 2008 reveals weaker hiring
headcount to grow during Quarter 2 2009. The most intentions in all seven sectors. The decline has been
optimistic projections are reported in the Services steepest in the Mining & Construction and the Finance,
sector, with a strong Net Employment Outlook of +29%. Insurance & Real Estate sectors, by 28 and 26
In the Transportation & Utilities sector, the Outlook is a percentage points, respectively. The smallest decline is
healthy +23%, while it is +22% for both the reported by employers in the Public Administration &
Manufacturing and the Public Administration & Education sector, but even here, the decline has been a
Education sectors, and +21% for the Finance, considerable 10 percentage points.
Insurance & Real Estate sector.
Based on unadjusted survey data, employers forecast
Quarter-over-quarter, hiring intentions are stronger in six positive hiring activity in all seven sectors for Quarter 2
of the seven sectors, with the strongest improvement of 2009. The Public Administration & Education sector is
11 percentage points reported by employers in the expected to see the strongest growth, with an Outlook
Transportation & Utilities sector. A more moderate of +22%, and employers in the Services and
increase of 7 percentage points is reported for the Transportation & Utilities sectors report Outlooks of
Wholesale & Retail Trade sector, while both the Services +20%. Quarter-over-quarter, Outlooks have improved in
and Public Administration & Education sector Outlooks four sectors, but declined in two, most notably the 11
are 6 percentage points stronger. Employers in the percentage point decrease in the Mining & Construction
Mining & Construction sector, however, report a slight 3 sector. Year-over-year, Outlooks have weakened in all
percentage point decline. seven sectors.
8

9. Finance, Insurance & Real Estate Manufacturing
Employers predict healthy headcount growth in Quarter With a Net Employment Outlook of +22%, employers in
2 2009. They report a Net Employment Outlook of the Manufacturing industry sector expect healthy hiring
+21%, which represents a slight 4 percentage point prospects for job seekers during Quarter 2 2009.
improvement on the previous quarter. However, year- Quarter-over-quarter, hiring intentions have improved
over-year, hiring plans have weakened sharply, with a 26 slightly, with a 4 percentage point increase, although
percentage point decline in the Outlook. year-over-year the Outlook is weaker by a considerable
15 percentage points.
Based on unadjusted survey data, the Outlook is +13%
and has declined both quarter-over-quarter and year- Based on unadjusted survey data, the Outlook is +18%,
over-year, by 3 and 26 percentage points, respectively. remaining relatively stable quarter-over-quarter, but
weakening by 15 percentage points year-over-year.
Mining & Construction Public Admin/ Education
In the Mining & Construction industry sector, employers Public Administration & Education industry sector
have upbeat hiring plans for the forthcoming quarter, employers forecast healthy growth in staffing levels for
reporting a Net Employment Outlook of +20%. Quarter 2 2009, reporting a Net Employment Outlook of
However, this is the least optimistic Outlook reported for +22%. Quarter-over-quarter, hiring plans have
the sector since the survey began in Quarter 3 2005, improved, with the Outlook increasing by 6 percentage
following a slight 3 percentage point decline quarter- points. Year-over-year, however, the Outlook is weaker
over-quarter and a steep 28 percentage point decrease by 10 percentage points.
year-over-year.
Based on unadjusted survey data, the Outlook is +22%,
Based on unadjusted survey data, the Outlook is +12%. reflecting a 7 percentage point improvement quarter-
Quarter-over-quarter, the Outlook decreases by a over-quarter, but a 9 percentage point decline year-over-
considerable 11 percentage points, while year-over-year year.
9

10. Manpower Employment Outlook Survey India
Transportation & Utilities
Services
Solid hiring prospects are anticipated in the Services Transportation & Utilities industry sector employers
industry sector, where employers report a Net expect an active labor market in Quarter 2 2009,
Employment Outlook of +29% for Quarter 2 2009. reporting a Net Employment Outlook of +23%. This
Quarter-over-quarter, the Outlook has strengthened by 6 reflects considerably stronger hiring intentions quarter-
percentage points, although year-over-year it is weaker over-quarter, with the Outlook improving by 11
by a considerable 19 percentage points. percentage points, although year-over-year it is weaker
by 14 percentage points.
Based on unadjusted survey data, the Outlook is +20%
for the second successive quarter, but weaker by 20 Based on unadjusted survey data, the Outlook is +20%,
percentage points year-over-year. having improved by 7 percentage points quarter-over-
quarter but declining by 13 percentage points year-over-
year.
10

11. Manpower Employment Outlook Survey India
Wholesale & Retail Trade
With a Net Employment Outlook of +18%, sector
employers predict a favorable hiring climate for Quarter
2 2009. The Outlook improves by a moderate 7
percentage points quarter-over-quarter, although year-
over-year, it weakens by 17 percentage points.
Based on unadjusted survey data, the Outlook is +14%,
and has improved by a slight 2 percentage points
quarter-over-quarter. Year-over-year, the Outlook has
declined by a considerable 17 percentage points.
11

12. Manpower Employment Outlook Survey India
Global Employment Outlook
12

13. Over 72,000 employers have been interviewed across employers in Colombia, Peru and Costa Rica remain
34 countries and territories to measure anticipated somewhat optimistic. However, employers in the United
employment trends* between April and June 2009. States report the gloomiest Outlook since the 1982
Employers in 13 of the 34 countries and territories recession, and Mexican employers report their least
Manpower surveyed expect to add to their workforces optimistic Outlook – and the country's first negative
in Quarter 2 2009. However, where year-over-year forecast – since Manpower began surveying there in
comparisons can be made, hiring expectations are 2002. In the Asia Pacific region, job prospects are
decidedly weaker in all countries and territories surveyed generally less optimistic with employers in all countries
compared to 12 months ago. Notably, employers in 24 and territories surveyed except India reporting weaker
countries and territories are reporting the weakest hiring hiring plans compared to the previous quarter.
plans since the surveys were established there by Meanwhile, employee hiring plans weaken in all of the
Manpower. Israeli employers also join the survey this countries and territories compared to one year ago. In
quarter. the Europe, Middle East & Africa (EMEA) region,
Despite weaker second-quarter forecasts, employment
Outlooks decline from three months ago in 12 of 17
prospects are most favorable in India, South Africa,
countries, with employers in Italy, the Czech Republic
Colombia, Peru, Poland, China, the Netherlands and
and South Africa anticipating a slightly improved hiring
Costa Rica. Employer hiring expectations are weakest
pace. Outlooks have declined in all 17 of the region's
in Singapore, Ireland, Spain, New Zealand, Taiwan, Italy
countries where year-over-year comparisons are
and the United Kingdom.
possible.
On a regional basis, employment prospects are mixed, * Commentary is based on seasonally adjusted data
but reveal a generally downward trend. In the Americas, where available.
Survey Respondents by Region
Research for the Quarter 2 2009 Manpower
Employment Outlook Survey involved surveying over
72,000 human resource directors and senior hiring
managers from public and private organizations
worldwide: 58% of the respondents came from eight
countries in the Americas; 22% from 18 countries in
EMEA: and 20% from eight countries and territories
across Asia Pacific.
(Quarterly Barometer Chart: Content on page 11 of this
document)
13

14. Manpower Employment Outlook Survey India
International Comparisons – Asia Pacific
Nearly 15,000 interviews have been conducted across half of all employers indicating they will trim payrolls in
the Asia Pacific region to measure anticipated hiring the next three months. Employers in Australia, Japan
activity between April and June 2009. and New Zealand are reporting their first negative
Outlooks since the surveys were established in these
Employer hiring confidence continues to decline
countries.
throughout most of the region. Only employers in India
and China expect to add employees in the quarter Employers in India and China are anticipating the most
ahead, and only employers in India report improved favorable hiring activity in the region for the upcoming
hiring plans compared to three months ago. The year- quarter, while those in Hong Kong, Japan, New
over-year hiring pace is expected to be notably weaker Zealand, Singapore and Taiwan report the least
throughout the region, with employers in six of the optimistic hiring intentions. Notably, employers in
region's eight countries and territories reporting their Australia, China, Japan, New Zealand, Singapore and
weakest hiring plans since the surveys began. Hiring Taiwan are reporting their least optimistic hiring plans
intentions in Singapore continue to drop sharply, with since the surveys began there.
Australia China
Hong Kong India
14

15. Japan New Zealand
Singapore Taiwan
15

16. Manpower Employment Outlook Survey India
International Comparisons – Americas
Over 42,000 interviews have been conducted across Employers in Colombia are forecasting the most
Argentina, Canada, Colombia, Costa Rica, Guatemala, optimistic hiring plans in the region, with employers in
Mexico, Peru and the United States to measure Peru, Costa Rica and Canada also reporting positive but
employment prospects for Quarter 2 2009. less optimistic Net Employment Outlooks for the quarter
ahead. On the other hand, first-quarter hiring intentions
While positive Net Employment Outlooks are reported in
are weakest in Mexico, the United States, Argentina and
four of the eight countries surveyed, the hiring pace is
Guatemala; the Outlook from Mexican employers is the
expected to slow from 12 months ago in each of the
weakest since Manpower established the survey there
seven countries where year-over-year data is available.
in 2002. The Outlooks for Argentina, Colombia, Costa
The hiring pace is also expected to slow in every
Rica, Guatemala and Peru are also the least optimistic
country compared to three months ago, with negative
reported to date.
hiring intentions reported in Mexico, the United States,
Argentina and Guatemala.
Argentina Canada
Colombia Costa Rica
16

17. Guatemala Mexico
USA Peru
17

18. Manpower Employment Outlook Survey India
International Comparisons – EMEA
Over 15,000 interviews have been conducted with pessimism in the Finance and Manufacturing sectors is
employers across 18 countries to measure anticipated contributing to fewer opportunities for job seekers –
employment trends for Quarter 1 2009. Israeli particularly in the United Kingdom, Spain and Ireland
employers participate in the survey for the first time. where employer hiring plans are some of the weakest
Of the countries surveyed in the Europe, Middle East reported globally.
and Africa (EMEA) region, only employers in South
Employers in South Africa, Poland and the Netherlands
Africa, Poland, the Netherlands, Switzerland, Austria,
are forecasting the most favorable hiring activity, while
Belgium and Norway are reporting positive, but modest,
employers in Ireland and Spain are the least optimistic
second-quarter hiring activity. However, in countries
for the quarter ahead. Furthermore, employers in
where year-over-year comparisons can be made, all
France, Greece, Ireland, Norway, Poland, Romania,
expect cutbacks. In comparison to three months ago,
Spain and Sweden also report their least optimistic
only Outlooks from Austria, France and South Africa are
hiring plans since the surveys were launched in these
relatively stable, while Italian employers report a slightly
countries.
improved but still negative forecast. Growing employer
Austria Belgium
Czech Republic France
18

19. Germany Greece
Ireland Italy
Netherlands Norway
Poland Romania
19

20. South Africa Spain
Sweden Switzerland
UK
20

21. About the Survey Throughout this report, we use the term “Net
Employment Outlook.” This figure is derived by taking
The Manpower Employment Outlook Survey is the percentage of employers anticipating an increase in
conducted quarterly to measure employers' intentions hiring activity and subtracting from this the percentage
to increase or decrease the number of employees in of employers expecting to see a decrease in
their workforce during the next quarter. The survey has employment at their location in the next quarter. The
been running for more than 45 years and is one of the result of this calculation is the Net Employment Outlook.
most trusted surveys of employment activity in the
Net Employment Outlook
world. Various factors underpin the success of the
Manpower Employment Outlook Survey:
Throughout this report, we use the term “Net
Unique: It is unparalleled in its size, scope, longevity and
Employment Outlook.” This figure is derived by taking
area of focus.
the percentage of employers anticipating an increase in
Projective: The Manpower Employment Outlook Survey hiring activity and subtracting from this the percentage
is the most extensive, forward-looking employment of employers expecting to see a decrease in
survey in the world, asking employers to forecast employment at their location in the next quarter. The
employment over the next quarter. In contrast, other result of this calculation is the Net Employment Outlook.
surveys and studies focus on retrospective data to
Seasonal Adjustment
report on what occurred in the past.
Seasonal adjustments have been applied to the data for
Focused: For more than four decades, the survey has
Australia, Austria, Belgium, Canada, China, France,
derived all of its information from a single question.
Germany, Hong Kong, India, Ireland, Italy, Japan,
Mexico, Netherlands, New Zealand, Norway, Singapore,
Independent: The survey is conducted with a
Spain, Sweden, Switzerland, Taiwan, the United
representative sample of employers from throughout the
Kingdom and the United States to provide additional
countries in which it is conducted. The survey
insight into the survey data. These adjustments make it
participants are not derived from Manpower's customer
possible to review the data without the employment
base.
fluctuations that normally occur at the same time each
Robust: The survey is based on interviews with over year, thus providing a clearer picture of the data over
72,000 public and private employers across 34 time. Manpower intends to add seasonal adjustments to
countries and territories to measure anticipated the data for other countries in the future, as more
employment trends each quarter. This sample allows for historical data is compiled. Note that in Quarter 2 2008,
analysis to be performed across specific sectors and Manpower adopted the TRAMO-SEATS method of
regions to provide more detailed information. seasonal adjustment for data.
History of the Survey
Methodology
1962 1st generation of the Manpower Employment
The Manpower Employment Outlook Survey is Outlook Survey launched in the United States
and Canada.
conducted using a validated methodology, in
accordance with the highest standards in market
1966 Manpower's United Kingdom operation
research. The research team for the 33 countries and
launches the equivalent of the United States
territories where the survey is currently conducted survey, naming the report the Quarterly Survey
includes Manpower's internal research team and of Employment Prospects. The survey adopts
the same forward looking research format as
Infocorp Ltd. The survey has been structured to be
the United States survey and is the first of its
representative of each national economy. The margin of
kind in Europe.
error for all national, regional and global data is not
greater than +/- 3.9%. 1976 2nd generation of Manpower's Employment
[Add national information and margin of error here] Outlook Survey launched in the United States
and Canada. Research methodology is updated
Survey Question
to evolve with advancements in the field of
All employers participating in the survey worldwide are market research.
21

22. 2002 Manpower United Kingdom's Quarterly Survey 2008 Manpower operations in Colombia, the Czech
of Employment Prospects is updated to adopt Republic, Greece, Guatemala, Poland and
an enhanced research methodology. Romania join the survey program. China and
Manpower's operations in Mexico and Ireland Taiwan add seasonally adjusted data in the
launch the survey in their respective countries. second quarter. India and Switzerland add
seasonally adjusted data in the third quarter.
2003 3rd generation of the Manpower Employment
Outlook Survey is launched, expanding the 2009 Manpower operations in Israel join the survey
program to a total of 18 countries worldwide: program.
Australia, Austria, Belgium, Canada, France,
About Manpower Inc.
Germany, Hong Kong, Ireland, Italy, Japan,
Mexico, Netherlands, Norway, Singapore,
Manpower Inc. (NYSE: MAN) is a world leader in the
Spain, Sweden, United Kingdom and United
employment services industry; creating and delivering
States.
services that enable its clients to win in the changing
world of work. Founded in 1948, the $22 billion
2004 Manpower operations in New Zealand launch
company offers employers a range of services for the
the Manpower Employment Outlook Survey.
entire employment and business cycle including
2005 Manpower operations in China, India, permanent, temporary and contract recruitment;
Switzerland, and Taiwan launch the Manpower employee assessment and selection; training;
Employment Outlook Survey. outplacement; outsourcing and consulting.
Manpower's worldwide network of 4,400 offices in 82
2006 Manpower operations in Costa Rica and Peru
countries and territories enables the company to meet
join the survey program. Surveys in Australia,
the needs of its 400,000 clients per year, including small
Austria, Belgium, France, Germany, Hong
and medium size enterprises in all industry sectors, as
Kong, Ireland, Italy, Japan, Mexico,
well as the world's largest multinational corporations.
Netherlands, Norway, Singapore, Spain and
The focus of Manpower's work is on raising productivity
Sweden add seasonally adjusted data in the
through improved quality, efficiency and cost-reduction
third quarter. Manpower operations in South
across their total workforce, enabling clients to
Africa launch the Manpower Employment
concentrate on their core business activities. Manpower
Outlook Survey.
Inc. operates under five brands: Manpower, Manpower
Professional, Elan, Jefferson Wells and Right
2007 Manpower operations in Argentina join the
Management. More information on Manpower Inc. is
Manpower Employment Outlook Survey. The
survey in New Zealand adds seasonally available at www.manpower.com.
adjusted data in the first quarter.
22

24. Manpower Services India Pvt. Ltd.
A-26/1, First Floor,
Mohan Cooperative
Industrial Estate, Mathura Road,
New Delhi 110044
India
Tel: +91 (11) 40555400
www.manpower.co.in
© 2008, Manpower Inc. All rights reserved.