by Paul Joseph
September 20, 2010
Featured
The organised sector in India would create about 320,000 jobs between July and September, according to the Ma Foi Randstad Employment Trends Survey. There is optimism in the economic scenario across all sectors and most of the new jobs created are in services, it says. Conducted among 650 companies across 13 industry segments that included eight Indian cities, the survey revealed 418,000 jobs were created between January and June, with the healthcare sector creating 121,000 jobs, with another 63,000 in the hospitality sector. The top five sectors leading the boom are healthcare, hospitality, real estate and construction, information technology and IT-enabled services, and education, training and consulting. New Delhi, Mumbai and Chennai were the cities leading on jobs, by creating 112,000 between January and September. Kolkata, Bangalore and Hyderabad follow, creating 30,000-plus during the same period. Real estate and construction leads with the highest growth in number of people employed. It also expects growth in average salary by about four per cent, followed by pharma (3.5 per cent) and healthcare (3.4 per cent) during the third quarter. Bangalore expects a rise in average salary by about 4.9 per cent (the highest), followed by Delhi and Pune (both 3.5 per cent) during the third quarter. The estimated proportion of experienced workforce is the highest in the pharma sector, 87 per cent. Healthcare is estimated to have the highest percentage of freshers,at 38 per cent. Kolkata has the highest estimated percentage of experienced workforce, at 82 per cent, and New Delhi the highest estimated percentage of freshers(35 per cent). Ben Noteboom, chief executive officer and chairman of the executive board at Randstad, said: “We see positive trends across many economies across the globe, such as USA, Germany, France, Asia-Pacific and parts of Europe, which are clearly growing. India would continue its economic growth and employment generation,fuelled by its domestic consumption and stabilising global economy.” K Pandia Rajan, managing director & CEO, Ma Foi Randstad, said: “We see a clear trend of increased optimism in hiring spread across all sectors, and the service sectors like healthcare and hospitality, spearheading the boom by adding a significant number of jobs. The buoyant economy has given a boost to real estate & construction, which has demonstrated the highest growth in employment figures. We are positive that this trend will continue in the next quarter, too.” courtesy : business-standard URL: http://8bt.in/6UZ61I Share
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by Paul Joseph
September 20, 2010
Featured
The Indian job market has picked up, yet only one out of 10 graduates seeking employment will find a job, says a survey on hiring trends in 2010. “This year over 10.5 lakh (1.05 million) jobs are being created across sectors but one crore (10 million) aspirants are coming into the market,” managing related stories * IT/ITes is no hot sector for job seekers post meltdown director and CEO of Ma Foi Randstad K Pandia Rajan said on Wednesday. Ma Foi Randstad, an international human resource service provider, conducted the survey among 650 companies across 13 industry segments in eight Indian cities — Delhi, Mumbai, Kolkota, Chennai, Bangalore, Hyderabad, Pune and Ahmedabad. The survey revealed that 418,564 jobs were generated in the first six months of 2010. “The study also projected creation of 320,400 jobs the next three months (third quarter of the year) and an equal number for the fourth quarter too, taking the total job creation to over one million this year,” Rajan said, releasing the findings of the survey. The economic meltdown hit the global market early 2007, resulting in loss of thousands of jobs and cut down on hiring. Indian IT/ITes companies put hiring on hold in 2008 and 2009. “The market has not returned to the same buoyancy of pre-recession days,” said the CEO of HumanCapital B S Murthy. The Bangalore based firm is into career consulting. “It has slowed down, and hence less number of jobs and more seekers,” he said. Murthy said the trend is likely to continue for a decade unless there is growth in every sector in India. While information technology and enabled services, mainly business processing office (BPO) and call centres, created a major chunk of jobs five years ago, the retail and telecom industry added numbers in recent years, he noted. The job generation depends on investment and the investment is only in trickles, Murthy aid. “The difficulty, however, is limited only to the freshers,” Kris Lakshmikanth, the founder of The Head Hunters, said. “It is easy for those who have already been in the industry and are looking for a placement in a different company,” he added. courtesy : The Economic Times URL: http://8bt.in/oM9eMG Share
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