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Employment Trends Survey
Wave 3 - 2011
in this report...
? Indian Economy – Sluggish but not Panicky ? Methodology Data and ? of Employment Generation in Different Sectors Estimates
? Financial Services and Insurance Banking, ? Education, Training and Consultancy ? Energy ? Healthcare ? Hospitality ? Information Technology & Information Technology Enabled Services ? Manufacturing - Machinery and Equipment ? Manufacturing - Non-Machinery Products ? Media and Entertainment ? Pharma ? Real Estate and Construction ? Trade including Consumer, Retail and Services ? Transport, Storage and Communication
? Concluding Remarks ? Appendix
A1: Expected Increase in Employment across Different Sectors A2: Expected Increase in Salary across Different Sectors - Lateral Job Shift A3: Composition of New Hires by Experience A4: Composition of New Hires by Functional Areas A5: Share of Different Hiring Sources for New Hires A6: City-wise Expected Employment A7: City-wise Likely Increase in Salary - Lateral Job Shift A8 : City-wise Share of Different Experience Brackets amongst New Hires A9: City-wise Share of Different Functional Areas amongst New Hires
The Ma Foi Randstad Employment Trends Survey (MEtS), conducted by Ma Foi Randstad, India’s No. 1 Integrated HR services company, is a study on the Indian employment trends and opportunities. Started in November 2004, MEtS was conducted once a year, till 2008. Considering the several dynamic shifts in employment, even within a year’s time, MEtS was therefore converted to a quarterly survey from 2010, to capture the changes in employment scenario in India from one quarter to another. The prime objective of this employment survey is to understand the employment trends in the organized sector on a quarterly basis. The present survey captures the employment situation in the organized sector for the third quarter of 2011 (from June to September 2011) and the likely scenario for the fourth quarter of the year (October to December 2011). The study is based on a sample survey conducted for 676 companies across 13 different sectors of the economy, mainly during the month of September 2011. The feedback was gathered from the top HR personnel or top management of the companies who could share valuable insights regarding the previous as well as next quarter scenario about employment related issues. The major focus of the survey is to estimate the changes in employment scenario across sectors and space. The other issues highlighted in the survey are changes in salary for the lateral hiring, recruitments by experience categories and hiring by different functional roles. The report is presented in four sections. The first section, Section A discusses the recent trends and an overall view of the Indian Economy. This section is followed by Section B that provides insights about the data and methodological aspects of the study. Section C presents a picture of the changing pattern of the employment for different sectors of the economy. A snapshot of the changing scenario for selected cities is also given in this section. The final section, Section D concludes the study highlighting key issues.
8% last July to 8. In its bid to control inflationary pressure. FY 2011-12 were valued at US$ 52.84% in the week ended September 24. India had achieved an average growth rate of about 9% during 2004–08. 2011. Social & Personal Services Sectors also experienced a significant fall.8% last July. compared to 38.3% growth rate over the same period last year.69% for week ending 24th September. The mining sector expanded by 2. Oil imports during April-August. which was interrupted by the global financial crisis. it was at 24. According to a Reserve Bank of India study. The draft approach paper for the Twelfth Five Year Plan (2012–17) released in August 2011 targets an annual GDP growth rate of 9%. On the other hand.43 per cent immediately after the announcement and the benchmark 5year swap rate rose 12 bps to 7. as against 19% for the April-June quarter. while on the other.41%. The consumer durable production growth decelerated from 14.43% during previous week. Economic slowdown has resulted in lower than budgeted collection of tax revenue coupled with lower collection under small savings schemes. The benchmark 10-year bond yield spiked 8 basis points to 8.7 million. From April to July 2011. In the aftermath of the crisis. against 7. The capital goods sector fell by 15. Gas & Water Supply sectors showed significantly higher growth in Q1 of current financial year as compared to the last year. Fertilizers. April to July cumulative growth rate also decelerated from 10. slowed further to 10. The y-o-y growth rate of production of these eight industries was at 3. Natural Gas. which is from a low of 4.3%. Electricity generation grew by 13.75% (repo rate) to 8. to 7.15 per cent and the one-year rate rose 6 bps at 7. along with China.7% in July 2010.9% to 4. The fuel & power prices remained stable. 201011. recording the eighth successive week of rising prices.8%) & July 10 (9. In the corresponding week.9% for the July to September quarter from a year ago.31%. At one hand this has increased the input costs. during Oct ’11 – Mar ’12 period. In relative terms.2% and 7. expanded by 2.3% during June ‘11.2% to 197.8% during 2009–11. Electricity) grew at a slower pace of 5. 2011-12 period.5% in 2012.8% respectively. This may lead to a higher level of Government borrowing than that was projected for the second half of the fiscal.3 % in July ’11. Volatile crude oil prices and sharp rupee depreciation has forced oil companies to hike petrol prices by Rs 3. The advance tax payment by top 100 companies rose to a modest 9. will continue to be one of the fastest growing economies. This suggests that the corporate profit growth is likely to be muted in the second quarter. due to the rise in rural income and labour supply constraints.8%.6 million in August ‘10.09% higher than corresponding period last year. Trade.50%. The non-food inflation in the week under review. Community.278.58%. Cement. Forestry & Fishing and Electricity. Mining & Quarrying and Construction Sectors experienced major fall in growth rate. The unfavourable equity market condition has also forced the Government to put its disinvestment programme on hold. The WPI for the week ended 24th September. The continued increase in prices despite good rains in the last two years indicate a structural shift in demand and supply.88%.7% in July 2011. The IMF has forecasted India's economy to grow at a slower pace of 7.251. India's food inflation continued its northward movement in the week ended September 24. The growth in IIP fell sharply.72% higher than oil imports worth US$ 6. In the corresponding week of the last fiscal.9%). Crude Oil. for the Q2 of FY 2011-12. the fall in fortune of the Financial Sector was minor. which constitutes over 75% of the index. more so if the current high inflation rate persists for a longer time period.911.13% in the previous week. This is however.77%. Hotels. with a y-o-y inflation rate of 14.89% in the previous week.3 % in the month of July 2011. The July growth rate at 3. Production in eight core industries (Coal.3%.41% against 9.96 per cent. The manufacturing sector. the next Twelfth Five Year Plan’s target growth rate may not be achieved. The 52 week average is at 14.73% and the 52 week average is at 24. India. inflation has a negative effect on growth when the wholesale price index (WPI) based on inflation goes beyond the 5.25% in the past 18 months. the terminal year of the Eleventh Plan.8 % in July ‘11 against 8.8% growth rate for Q1. which was 48.7% in Q1.8% rise during June 2011. industrial output grew by 5.9 % during June 2011 and 3. as compared to 8. RBI expects growth to be about 8 per cent. lower than last 52 week average of 10. touching a two year low of 3.7.2 % during June 2011 and 40. last fiscal primary article inflation was at 19.2 million which was 27. Agriculture.1% this year. The growth of consumer goods sector was higher at 6. Transport & Communication Sectors retained their high growth trajectory. than what was proposed in the budget in Feb ‘11. it has raised concerns over the moderation of loan demand and the increase in asset-quality risks for the financial sector. as it rose to 9. Earlier.8% in 2011-12 and 7. Refinery Products.6% in July 2011.8% in July ’10 and 10. Considering India’s growth experience in the post financial crisis period (2009-11) and the current adverse world economic outlook. during the April-August 2011 period. average growth rate has dropped by about one percentage point.47%). Manufacturing.7% in July ‘10. RBI had increased the repo rate by 350 bps. is also lower than the corresponding figures of June 11 (8. is also reflected in the lower advance tax payment.2 % compared to 5. down from its June forecasts of 8. Oil imports during August ‘11 were valued at US $ 10. The growth was mainly due to the turnaround in the consumer non-durables sector (-0. It is now projected that the Government will borrow Rs 528 billion more from the bond market. The twin effects of inflationary pressure and increased capital costs. after a 8. In 2011–12. the food articles index rose a marginal 0.7% achieved for the corresponding period last year.5% last year to 6. This was higher than fiscal inflation rate of 10. by India Inc. as against 11. to 10.Indian Economy sluggish but not panicky The Gross Domestic Product (GDP) of India grew by 7. which was lower than 9.1 % in July. as against 10.14 per litre. 2011 for primary articles showed some easing.5% per cent threshold. On a week-on-week basis. almost halved when compared to July 2011 (7. However.2 %. as against 12.52% for the month of August 2011. as compared to 6.1%). Steel.80% for the last corresponding week and a 52 week average of 12. .
Singapore. Rigorous estimation procedures were used along with the primary survey data of the companies to estimate parameters for the third quarter of the year 2011 and expectations regarding the fourth quarter of 2011. Drugs and Pharmaceuticals sector was the major attractor (US$ 3.63 million deficit during April –August of FY 2010-11. Cumulative value of imports for the first five months of FY 2011-12 was at US $189. Storage and Communication 54 55 28 40 61 57 82 83 35 39 55 44 43 . Apart from these sources.14 million last year. the others used for the study are various surveys of the National Sample Survey Organization (NSSO).46 billion) and Telecommunication sector (US$ 1. If the international price of oil does not ease.12 was US$ 134. data from most of these secondary sources are not up-to-date. for the corresponding period of last year.15 million (Rs.Exports during August ‘11 were valued at US$ 24.891. This will have a major impact on India’s import bill. of companies covered 1 2 3 4 5 6 7 8 9 10 11 12 13 BFSI Education.9% against US$ in September and is currently quoted at 49. which is higher than the US$ 47.23 million. followed by Services sector (US$ 2. This was 92% higher than the inflow figure. Historical data on the manufacturing sector has been culled from various rounds of the Annual Survey of Industries (ASI) and publications of the Central Statistical Organization (CSO).173. Training and Consultancy Energy Healthcare Hospitality IT & ITES Manufacturing of machineries and equipments Non-machinery Manufacturing Media and entertainment Pharma Real Estate and Construction Trade including CRS Transport.393. Sector No. Once estimates of base sector level employment was obtained. US$ 14.00 billion).25% higher in than US$ 16.21%. Labour Statistics of India and Statistical outline of India.218. However.854. Over the period April-July of current financial year.16 million worth of exports in August ‘10.023 against the 2011 high of 43. Imports during August ‘11 were valued at US $38. which is already high. UK and Germany were the other three major points of origination.77 million against US $134. thus growing at 40. The above sources have the advantage of almost universal coverage of the organized sector within their specific domains.51 million last year.928. weak rupee condition is likely to play a major role in increasing the inflation. No. registering a growth of 54. particularly for oil imports.709.502.82%.855 that was reached in late July. Cumulative value of exports for the period April-August in FY 2011 . Therefore the estimation procedure is used to take care of this problem.663 crore) representing a growth of 41. Secondary data from various sources have been used for this study. the data captured through primary survey of 676 firms across sectors were used to arrive at estimates on different parameters. The rupee fell 5.312.54 million as against US $87. by using up-to-date figures on sectoral GDP (Gross Domestic Product) and Index of Industrial Production (IIP). data sources The study has used both primary and secondary data to arrive at different estimates. Coverage of Primary Survey Sl. The cumulative trade deficit was estimated at US $54.54 billion of FDI inflow came into India.37%.74 billion).53 million which was 44. The rupee has been the worst performer among the Asian currencies over the last few months.354. Around 35% of FDI came through the Mauritius route.
600 2.0%.100 31.08 3.29 1.600 93.900 11.589.400 48.100 1.200 14.000 68.19 4.800 14.27 0.68 0.800 21.800 54.44 0.400 144. Government’s failure towards quick implementation of infrastructure projects has affected the job generation and seasonal cyclicality in demand is another reason lower employment growth in sectors like retail and hospitality.900 248. Training and Consultancy Energy Healthcare Hospitality IT & ITES Manufacturing of machineries and equipments Non-machinery Manufacturing Media and entertainment Pharma Real Estate and Construction Trade including CRS Transport.Sep 2011 Estimated Oct .200 183.300 15.000 934. which will help in analysing why the employment numbers are as they are.300 29.900 20.47 0.Sep 2011 Expected Jul .700 41.600 13.500 2.400 126.800 26.Dec 2011 Expected Per cent increase Jul .73 0. Storage and Communication 939.600 30.73 1.300 1.500 60. More detailed sectoral level analysis highlighting the prospects of these individual sectors. albeit at a slower pace.800 36.010.400 223.492.14 2.000 38.22 0.600 7. In certain sectors like Construction. although there will be sectoral variation in the employment outlook among the sectors. new jobs will continue to be added.700 6.600 41.500 7.57 0.205.500 30.500 24.200 9.600 4.100 3.32 4.500 11. it is expected to grow at a healthy rate of 7. As a result.Sep 2011 Estimated Oct .800 12.78 2.164.83 2.300 24.709.300 671.19 0. The overall change in employment in Q2 of FY 2011-12 and change expected in the Q3 of FY 2011-12 is presented below in the following table. by decreasing their demand.21 0.413.20 0. Global meltdown and continuing high domestic inflation has resulted in increase of input costs.700 6.82 1.400 46.estimates of employment generation in different sectors Despite the slowdown in Indian economy.700 9.Dec 2011 Expected BFSI Education.200 910.700 38.80 2. Concomitant series of increase in policy rates by Reserve Bank of India has increased the capital cost thus adversely affecting the rate sensitive sectors like real estate and automobile. The lower general demand level due to reduced disposable income has also played a role in weakening the job market.700 12. Expected Employment Increase in Different Sectors Employment June 2011 Sectors Expected increase in Employees 2011 Increase in Employment Jul .600 14.42 .32 1.80 1.07 1.000 309.500 36.600 10.400 55.900 12.300 32.500 80.46 1.100 49.8% to 8.900 63. is presented subsequently.67 2.300 11.000 1.700 107.800 9.500 218.839.600 58.500 14.
September 2011 9.900 jobs between October and December 2011. But the increase in the interest rate and faltering growth potential.December 2011 Note: Employment numbers are given as round figures . the BFSI sector has added 14. The pressure on Indian banks is expected to continue for some time.800 jobs and is expected to add another 11. the interest rate is expected to remain at an elevated level with no cut expected anytime soon. following up its earlier 10 increases. The second largest vertical .1% October .2% July .47. composition of new hires 3% 16% 32% < 1 Year by experience 1 .600 966. ? Given the current inflationary situation.Banking. The demand shift towards traditional Insurance products and away from investment products is cited as the main reason. In the near term. The growth in premium is expected to continue at a compound annual growth rate (CAGR) of around 28. It is estimated to grow at over 18% till 2015.511 billion only. ? Banks raised deposits Rs. which is the lowest in last four years. implying an incremental credit-deposit ratio of 0. It is also expected to remain so unless the underlying economic factors show signs of improvement. both domestic and international. Financial Services and Insurance Between June and September 2011.5% during FY12-FY14. This will further increase the cost of Fund for both the banks and the borrowers. ? The General insurance industry registered 22. Slower credit growth will also limit the ability of banks to fully pass on the increase in cost of fund. the slowdown in Life Insurance sector continued in Q1 of 2011-‘12 with the industry registering negative APE growth of 23%.4% in 2001 to 2.800 954. Some of the rate sensitive sectors like real estate and auto industry are already experiencing a slowdown in demand. has raised the prospect of increase in bad debts in the books of the banks. the premium income from the largest sub-segment of Motor Insurance may slow down due to faltering auto sales. putting pressure on its margin. The private sector fared even worse at negative growth of 40%.10 years > 10 Years 49% 2% 11% 19% Admin / Accountants etc Core Activities including Marketing and BD Customer Service Senior Management by function 68% 13% 5% 16% Campus 17% HR Agency Referrals Social Media Others by hiring sources 49% Increase in Salary Lateral Job Shift Estimated Employment June 2011 Estimated Employment September 2011 Estimated Employment December 2011 939. even if the policy rates are not raised further. ? Continuing with the negative annualised premium equivalent (APE) growth over the last 3 quarters of 2010-11.500 12. ? the employment generation by the BFSI sector in the JuneOverall September ’11 quarter has been subdued.35% growth during Q1 of FY2011-12 in terms of gross written premium. but could disburse credit worth Rs.Health Insurance is expected to retain its positive outlook.4% in 2010. RBI raised the policy rate twice in the last quarter to 8. ?banks had managed to reduce their Gross NPA figures from Indian 11.4 Years 5 .25% in its fight ? against inflation.223 billion during the April-September period. 1. 3.
appropriately-trained human resources in adequate numbers.5% The 12th respectively. ? The employment generation across quarters may not be linear.200 9. ? Five Year Plan targets to raise it to 25% and 1.600 jobs and is expected to add another 20. IITs.10 years > 10 Years 36% 3% 12% 23% Admin / Accountants etc Core Activities including Marketing and BD Customer Service Senior Management by function 62% 15% 8% 17% Campus 16% HR Agency Referrals Social Media Others by hiring sources 44% Increase in Salary Lateral Job Shift Estimated Employment June 2011 Estimated Employment September 2011 Estimated Employment December 2011 9. Training and Consultancy sector has added 21.500 11. as most of the hiring takes place before the beginning of a new academic session.839. The Preschool education market is set to reach US$ 1 billion mark by 2012 against US$ 750 million at present. ? There are half a million vacancies of teachers in the country and another half a million teachers are required to meet the RTE norms on pupil-teacher ratio.0% October . generally between January and June period.12% of GDP is spent on higher education today. ? participation in the higher education will also continue to Private expand.December 2011 Note: Employment numbers are given as round figures .800 9. IISERs and Central Universities are on a recruitment spree along with the existing institutions. ? The newly setup IIMs. the Education. which means an additional allocation of about Rs. This coupled with increased Government focus on research is expected to result in significant reverse brain drain.September 2011 11. With the ? Right to Education (RTE) Act 2009 having come into effect from April 2010.700 jobs between October and December 2011. Similar increased private participation will be seen in the expanding pre-school sector and skill development initiatives.Education. composition of new hires 4% 30% 30% < 1 Year by experience 1 .881. The effort to expand educational access is severely constrained by the lack of suitably qualified. Training and Consulting Between June and September 2011. This is also reflected in the June – September ’11 employment figures for the sector. also aided by current adverse economic conditions prevailing in most of the advanced economies.000 crore to higher education. The demand in the secondary education segment will also see commensurate increase. ?18 percent of all Government’s education spending or about About 1. ? The upgradation of Industry Training Institutes/ Industry Training Centers to launch and scale up technology specialisations across all Vocational Training Institutes is also expected to increase under new Public Private Partnership initiatives.860.25. especially in Management.4 Years 5 . Medicine and Technology segments. IIITs. it is now a fundamental right of all children to demand eight years of quality elementary education.5% July .
leading to lower plant load and stagnation in capacity expansion.4). due to a severe dip in coal supply from Coal India and its arms. However.600 jobs between October and December 2011. with the government set to miss the plan target of 78. composition of new hires 1% 26% 51% < 1 Year 1 .December 2011 Note: Employment numbers are given as round figures . The situation remains grim for the 11th Plan target.1). as po¬wer industry in India is expe¬c¬ted to undergo a paradigm ch¬ange. Compared to January 2011 (146.000MW. the actual expansion of the sector is uncertain. In the five years to 2007. ? The government plans to add 100.September 2011 15. Considering the share of Thermal power in India’s overall power generation capacity. the country added 20. the stunted growth of this subsector may be responsible for the lower than expected employment generation in the Energy sector.000 MW capacity power plants that came up in last three years. the Energy sector has added 7. Coal India and its associates may achieve only 310 million tonnes of production in 2011-12 against a target of 347 mt. Coal Ministry is also yet to sign fuel supply agreement for the 25.000 MW during the 12th Plan to the current capacity of 174.10 years > 10 Years by experience 22% 2% 20% 27% Admin / Accountants etc Core Activities including Marketing and BD Customer Service Senior Management by function 51% 12% 6% 14% 36% Campus HR Agency Referrals Social Media Others by hiring sources 32% Increase in Salary Lateral Job Shift Estimated Employment June 2011 Estimated Employment September 2011 Estimated Employment December 2011 910. fuelled by legislative and regulatory activities. though there is huge unmet demand and significant growth potential. At y-o-y level. ? to coal.600 924. The situation has been further aggravated by volatile international prices of coal.0% July . the country’s power scenario will continue to be under stress as the shortage of coal persists.110MW.577 MW.4). The IIP ? for Electricity declined in August 2011 (149. it has increased by 9.500jobs and is expected to add another 6. India’s track record in adding power generating capacity is poor. ? Considering coal based power generation constitutes more than half of India’s installed capacity. against a target of 41.200 16.0% October . The sector would require power instrumentation engineers to design and produce these new equipments. Successful implementation of expansion plans can result in generating substantial number of jobs.100 917. According to Power ministry estimates.950MW of capacity.Energy Between June and September 2011. gas based power generation units are also facing Similar supply shortages.4 Years 5 . ? There will be increased demand for trained manpower for operating the smart grid technologies.5% compared to August 2010 (136. systems and related software.4) compared to July 2011 (152. So. The power ministry has estimated that the country has lost four billion units (bu) of power generation between April and September this financial year. it has increased only marginally.
increased penetration of health insurance sector.0% July . ? also a boom in the diagnostic industries along with the There is growth in hospital infrastructure in the country.5 billion with about 0.492. ? The increase in the price of pharmaceutical products has led to the review of brownfield FDI policy in the sector.85 million foreign patients annually getting treated here. with the current global economic downturn. increased prevalence of lifestyle related diseases and enhanced healthcare awareness.Healthcare Between June and September 2011.10 years > 10 Years 33% 4% 18% 28% Admin / Accountants etc Core Activities including Marketing and BD Customer Service Senior Management by function 50% 7% 19% 5% Campus HR Agency by hiring sources 12% Referrals Social Media Others 57% Increase in Salary Lateral Job Shift Estimated Employment June 2011 Estimated Employment September 2011 Estimated Employment December 2011 3.4 Years 5 .553. ? There have been a number of noteworthy initiatives taken up by the Indian government to boost the Healthcare sector in the country like 100% FDI under automatic route and National Rural Health Mission. Expansion is also taking place in the number of medical colleges and their intake capacity.700 jobs between October and December 2011. the Healthcare sector has added 60. These numbers are expected to grow to Rs.400 jobs and is expected to add another 58. 10. as reflected in the low doctor to population ratio.December 2011 Note: Employment numbers are given as round figures . The industry is expected to grow to US$ 79 Billion by 2012 and ~ US$ 280 Billion by 2020 according to a KPMG report on the sector.4% October . composition of new hires 2% 29% 36% < 1 Year by experience 1 .September 2011 16. This is expected to limit growth potential in the shorter term.611.4. ? The hospital sector is experiencing rapid increase in investments from Corporates.8 billion with 3. the inflow of foreign patients in the JuneSeptember ’11 period has been lower than the trend. New investors including the MNCs are playing a key role in increasing the employment base in the sector.2 million foreign patients expected to visit India by 2015. however. through expanding their presence in Tier I and Tier II cities. The Healthcare Industry has witnessed a paradigm shift in the last five ? years and has grown from a unorganized to organized sector. demographic shift. suffers from bottlenecks in manpower supply.700 3. as the current number of seats in medical and nursing colleges is woefully short of requirement. Six new AIIMS category medical institutions are coming up along with upgradation of many existing colleges. ? An ASSOCHAM study has estimated the current worth of Indian medical tourism industry at around Rs. at least among the urban population. ? The Indian Healthcare Industry is currently estimated at US$ 40 Billion. The contributing factors for this shift are growing Indian economy resulting in increasing disposable income level of people. Most of the existing players have announced expansion plans and many of large companies with no or very little healthcare presence have announced huge investment plans in Healthcare Delivery. expanding medical tourism. ? This sector.800 17. However.100 3.
2.10 years > 10 Years 41% 3% 7% 28% Admin / Accountants etc Core Activities including Marketing and BD Customer Service Senior Management by function 62% 14% 33% 11% Campus HR Agency by hiring sources Referrals Social Media Others 3% 39% Increase in Salary Lateral Job Shift Estimated Employment June 2011 Estimated Employment September 2011 Estimated Employment December 2011 6.254. ? Tourist Arrivals (FTAs) during the Month of September 2011 Foreign was 0. the Hotel and Tourism sector Over the has seen an FDI inflow of Rs. composition of new hires 1% 22% 36% < 1 Year by experience 1 . ? With expanding Indian economy.33 million in September 2009. Tour Guides.0% July .2 million by 2015 from around a million currently. the tourism industry in India is expected to expand from its current size of Rs. ? According to a National Skill development Corporation study on skill gap in hospitality sector. Ticketing and Sales. 4. A Bulk of large portion of the demand for human resource will occur in the areas of Front Office Staff.295. ? In the face of uncertainty in demand.000 6.December 2011 Note: Employment numbers are given as round figures .6 million more people. ? attractiveness of India as a destination for medical tourism Growing will also provide significant support.3% October . this sector is also seeing increased hiring of need based temporary hands and outsourcing. generating employment opportunity for 2.46 million.600 jobs between October and December 2011. Housekeeping staff.205.40 million as compared to FTAs of 0.84 million with a growth of 8. This is ?one of the booming sectors of Indian economy. ? the requirement though will be in the unorganized sector. it may face glitches in the short term affecting the potential for (permanent) employment generation. According to World Travel and Tourism Council. this number will be further bolstered by business travelers.600 6. as compared to the FTAs of 3.24 million. F&B Services and Kitchen. The domestic tourism sector also enjoyed a healthy growth rate of 10.22 million with a growth of 10.4 Years 5 .26 billion.21 million) in 2010 calendar year. the overall employment by 2022 in the Tourism Industry (in Hotels and Restaurants and Tour Operators) is estimated to be about 7. 21 billion in 2022.0 % during January-September 2010 over the corresponding period of 2009. the Hospitality sector has added 48. ? period of January to July 2011.37 million in September 2010 and 0. despite high growth potential of the hospitality sector over the medium to long term.7% in terms of number of visitors (740. The FTA in 2016 is expected to be 11. An ASSOCHAM study has estimated the number of foreign patients visiting India to grow to 3.600 15.2 million persons. Number of Domestic Tourist Visits (DTVs) in 2016 is projected to be at 1451.September 2011 13. FTAs during the period January-September 2011 were 4.Hospitality Between June and September 2011.0 %.4 billion to Rs. ? However. Seasonal factors like monsoon and flood also dampened the mood in the June-Sept 11 quarter.400 jobs and is expected to add another 41.
600 jobs between October and December 2011. with the exports contributing to the majority of the $80 billion earnings. a weak rupee on the other hand.600 jobs and is expected to add another 41.September 2011 15. composition of new hires 2% 28% 30% < 1 Year by experience 1 . But with lower attrition rates and uncertain future flow of new projects.81% of total FDI inflow in the corresponding period. it may prove positive for IT sector companies subject to their hedging positions. may help boost margins. Presently. that the recent developments in the US and Europe would not affect the Indian IT industry much and it will pursue a growth path owing to augmented domestic demands and expanding in emerging markets like Brazil and Russia. If the depreciation holds.6% October .098. ? The computer software and hardware jointly with telecommunication sector has seen an FDI inflow of Rs. 2011 unveiled here on Friday by Telecom & IT Minister. 7.4 Years 5 . ? NASSCOM is of the view. This will also limit scope of new hiring.010. The draft ? national policy on information & communications technology.96%. aims at increasing the revenues of the IT & ITeS industry to US $300 billion by 2020. This is significantly lower than the long term (Apr ’00 – Jul’11) trend share of 15. ? While the sluggish global economy poses a risk to pricing and new orders. The proposed policy also aims at formulating fiscal and other incentives to attract investment in this sector in Tier II and III cities.8% depreciation in INR against US$ in the last 45 days and further depreciation is possible in light of continued global risk aversion.10 years > 10 Years 40% 3% 7% 28% Admin / Accountants etc Core Activities including Marketing and BD Customer Service Senior Management by function 62% 9% 17% 18% 12% Campus HR Agency by hiring sources Referrals Social Media Others 44% Increase in Salary Lateral Job Shift Estimated Employment June 2011 Estimated Employment September 2011 Estimated Employment December 2011 2. accounting for 11.600 2.000 2. This This has has been further accentuated by the decline in attrition rates since the economic downturn. There are reports of delay in on-boarding the new campus hires. at least at the junior level. ? led to many IT firms becoming cautious in their hiring.200 15. ASSOCHAM expects the macro fiscal insecurity in US and Europe having an adverse impact on the markets.December 2011 Note: Employment numbers are given as round figures .056. the policy proposed is expected to boost the growth of indigenous demands and market. On the contrary. considering their share in exports of India’s $80 billion IT industry. with many of those who completed studies in June/July still to get their joining letters.68 billion. for some time. the IT & ITES sector has added 46. Many of the firms are hiring based on their immediate project needs ? IT companies have also been very active in hiring freshers from The big campus early this year. This reflects some degree of uncertainty among the industry players.6% July . Kapil Sibal. which has come down to 15% from 25% in the last couple of quarters. Mr. There has been about 7.IT & ITeS Information Technology and Information Technology Enabled Services Between June and September 2011. the initial calculations may have gone wrong.
8% October . IIP during July-August 2011 has gone down marginally by about 5 points.10 years > 10 Years 47% 1% 11% 22% Admin / Accountants etc Core Activities including Marketing and BD Customer Service Senior Management by function 66% 13% 5% 16% Campus 17% HR Agency Referrals Social Media Others by hiring sources 49% Increase in Salary Lateral Job Shift Estimated Employment June 2011 Estimated Employment September 2011 Estimated Employment December 2011 1. composition of new hires 3% 23% 27% < 1 Year by experience 1 .400 1. Trailers. ? The sub-sectors such as Motor Vehicles.400 13.000 jobs between October and December 2011. Radio.September 2011 12.178.Manufacturing Machineries and Equipment Between June and September 2011. Television and other Communication Equipments have posted high positive growth during this quarter.0% July .600 1. ? The performances of these sectors have resulted in the lower level of job additions as against expectations. According to the latest Government release. ? in cost of capital has also played a dampening role for new Increase investment in the sector. as compared to the second quarter of the year.4 Years 5 .192.December 2011 Note: Employment numbers are given as round figures . ? Goods sector performed almost at the same level during JulyCapital August 2011.800 jobs and is expected to add another 14. the Manufacturing of Machineries and Equipment sector has added 13. ? the hiring mood within the sector is not yet promising. ? The performance of the Electrical Machineries sector remained poor. Overall. Overall.164. other Transport Equipments. The expectation for the next quarter is also in the similar lines. ? The reported salary hike for lateral shifting during the third quarter was lower than second quarter and expected to remain almost at the same level during the next quarter. ? the manufacturing sector growth has remained almost similar during last few months and the IIP is hovering around 175 points since April 2011.
600 4.300 jobs between October and December 2011. ? the poor performers were the textiles. higher cost of capital. The estimated increase in employment was lower than that was expected earlier. food products and beverages etc. chemical & Chemical products.4 Years 5 . interest rates.100 4. However.589.500 jobs and is expected to add another 38.2% October . paper & paper products and wood products.663. 2011 were basic metals.Manufacturing Non-machinery Manufacturing Between June and September 2011.December 2011 Note: Employment numbers are given as round figures . ? The continuing higher level of inflation.625. Many of these sectors have registered negative IIP growth. the Manufacturing of Non-machinery Products sector has added 36. apparels tobacco Amongst products. fabricated metal products. especially during the month of August 2011. higher prices of raw materials and intermediate goods have further stifled the sentiment of this sector. Lower ?overall growth in the manufacturing sector is reflected substantially in the performance of this sector. All these sub-sectors have posted double-digit growth during this period.10 years > 10 Years 59% 2% 12% 18% Admin / Accountants etc Core Activities including Marketing and BD Customer Service Senior Management by function 68% 13% 5% 16% Campus 17% HR Agency Referrals Social Media Others by hiring sources 49% Increase in Salary Lateral Job Shift Estimated Employment June 2011 Estimated Employment September 2011 Estimated Employment December 2011 4. ? The sluggish growth of the sector has reflected in relatively lower hiring activity within the sector.900 14. ? The sub-sectors that performed relatively better during third quarter of composition of new hires 2% 17% 22% < 1 Year by experience 1 .September 2011 14.2% July . ? The festival months are expected to boost the demand during the current and the next quarter and ubring some positivity. the expected growth rate during next quarter is marginally higher than the current quarter in view of expected higher demand level during festival times.
900 jobs and is expected to add another 32. The draft New Telecom Policy envisages 175 million broadband connections in India by 2017.443.Media and Entertainment Between June and September 2011.0% July . gaming and VFX industry is expected to maintain its growth pace and grow at 21. ? PWC estimates the Indian Media & Entertainment industry to touch Rs 1.2% Over the and the Indian print media is expected to expand by 9. Increasing access to broadband internet and mobile telephony will also provide two alternate new platforms for content delivery.700 17. Benefitting from the mobile value added services (VAS) market. The sector FM radio is poised for further expansion with Government approval for eauction of licences under the third-phase expansion of FM radio.199 billion in 2015 growing at 13. FM Phase-III will extend FM radio services to about 227 new cities. mobile internet usage has been witnessing a 15% growth q-o-q and the total number of users was estimated to be at 46 million in September 2011. and 600 million by 2020.000 1. It will result in coverage of all cities with a population of one lakh and above with private FM radio channels.5%.9% cumulatively over 2010-15. the radio sector is projected to grow at 19.September 2011 17.4 Years 5 .000 programs every year. ? services have become immensely popular in India. at a minimum of 2mbps download speeds. with a total of 839 new FM radio channels in 294 cities.900 1. composition of new hires 1% 21% 32% < 1 Year by experience 1 . Animation. Large number of production houses catering to film. information and telecommunication is increasingly impacting India’s overall media and entertainment industries.6% over the same period. the music industry is expected to grow at 17.December 2011 Note: Employment numbers are given as round figures .2% October .413.2% CAGR and the television industry is expected to grow by 12. television and the advertisement industry are an important source of employment generation in this sector. in addition to the present 86 cities.476. ? A FICCI-KPMG study puts the size of the Indian Film industry in 2015 at US$ 2.800 jobs between October and December 2011. the Media and entertainment sector has added 30.6 billion. The access of content through mobile internet is likely to accelerate further. now with the introduction of 3G services.6%. ? same period. ? popularity of the direct-to-home (DTH) services may lead to a Growing reorganization of content delivery mechanism. ? Convergence between entertainment.10 years > 10 Years 46% 4% 8% 12% Admin / Accountants etc Core Activities including Marketing and BD Customer Service Senior Management by function 76% 7% 6% 28% Campus HR Agency by hiring sources 35% Referrals Social Media Others 27% Increase in Salary Lateral Job Shift Estimated Employment June 2011 Estimated Employment September 2011 Estimated Employment December 2011 1. It is projected to command half of the entertainment pie by 2015 with a robust growth rate of 14. ? According to an IAMAI-IMRB joint study.4%. The Indian Media and Entertainment industry continues to grow at a ? healthy pace with over 500 Television (TV) channels and producing more than 1. ? This growth in the sector has fuelled the increase in hiring for the core functions like Marketing and Business Development roles with maximum hiring happening through referrals and the social media.
the Pharma sector has added 12.54 billion. As such. This is a major jump considering that the cumulative FDI inflow in this sector over the period April ’00 to March ’11 was at US$ 1. it has the potential to reach US$ 70 billion by 2020 from US$ 13. Out of US$ 14. such acquisitions will have to be routed through the Competition Commission of India. India’s ?Pharmaceutical exports increased by 26. ? According to PwC. following which. ? experts suggest that almost a third of total R&D investment Industry by the global Pharma industry.2% July . with the total value of exports reaching up to US$ 6.1 billion in FY 2010-11. especially concerning products of Indian Pharma companies recently acquired by MNCs.600 334.December 2011 Note: Employment numbers are given as round figures . brownfield investments will be allowed through the Foreign Investment Promotion Board (FIPB) for six months. though greenfield FDI will continue be under automatic route. which is estimated at US$ 40-50 billion. could be made in India over the next 10 years. India is expected to join the league of top 10 global pharmaceuticals markets in terms of sales by 2020 with the total value reaching US$ 50 billion. ? Research in India is growing at an annual rate of around Contract 20% to 25%. Clinical trials represent 65% of this market and new drug discovery makes up the remaining 35%.Pharma Between June and September 2011.54 billion of FDI inflow over this period. ? Drugs and Pharmaceuticals have been the top most FDI recipient sectors between April ’11 and July ’11 period.05% in FY 2010-11 over the previous year.90 billion only.400 15. ? The sector witnessed a spurt in hiring for experienced people for core functions and majority of the recruitments were made through referrals. composition of new hires 4% 24% 39% < 1 Year by experience 1 . there has been concern in the industry in terms of increasing prices of the Pharma products.0 billion.September 2011 15.10 years > 10 Years 33% 5% 15% 11% Admin / Accountants etc Core Activities including Marketing and BD Customer Service Senior Management by function 69% 2% 21% 33% Campus HR Agency by hiring sources Referrals Social Media Others 10% 34% Increase in Salary Lateral Job Shift Estimated Employment June 2011 Estimated Employment September 2011 Estimated Employment December 2011 309.4 Years 5 . the Pharma sector cornered almost US$ 3.6% October . This is a significant jump from a mere 2. McKinsey suggests that if aggressive growth strategies are implemented. This may be a minor dampener to the otherwise rosy growth picture for the sector.21% increase in exports in FY 2009-10.800 jobs between October and December 2011.600 jobs and is expected to add another 12. ? However.000 321.
there may be many slips between potentials and reality as many of the infrastructure projects have been either delayed orstalled.76. both for inputs and capital mobilisation. Under the first two phases of the project 14. in the shorter term.52 billion. This is reflected in the mere 1. the heightened activities over a long period of time in future.2% growth in the contribution of Construction sector in India’s GDP for Q1 of FY 2011-12 over corresponding quarter of previous year. ? Government has embarked on a massive National Highways Development Project (NHDP) in the country.000 991.tripling in the past five years. Government of India has put in place a National Maritime Development Programme (NMDP) encompassing 276 projects at an estimated cost of US$ 12.4 Years 5 . ? expected to cross the 450 million mark of domestic passengers India is by 2020.7% July . According to a McKinsey Global Institute study.700 jobs and is expected to add another 26.41 million during the corresponding period of previous year. the total capacity of all these ports is expected to reach 3.990. ? 95% of India’s foreign trade by volume and 70% by value. India's Domestic Aviation Market expansion has been the strongest in the world .56 billion.10 years > 10 Years 39% 4% 20% 20% Admin / Accountants etc Core Activities including Marketing and BD Customer Service Senior Management by function 56% 5% 10% 24% Campus HR Agency by hiring sources 17% 44% Referrals Social Media Others Increase in Salary Lateral Job Shift Estimated Employment June 2011 Estimated Employment September 2011 Estimated Employment December 2011 934. This emphasizes the contribution in sustaining growth and development of the Indian economy. thus registering a growth of 18. India will need to invest US $1. the Real Estate and Construction sector has added 30.40 MW. ? The inflationary pressure followed by higher interest rate has increased the cost.68 billion in non-major ports.200 12. However.81 billion in major ports and US$ 37. making it the ninth largest aviation market in the world. ? installed power generation capacity of India in 2011 is The total estimated to be around 1.1% October . The Government of India (GoI) plans to develop 35. with an expected investment of US$ 26. passengers carried by domestic airlines during Jan-Aug 2011 were at 39. stimulating a near four-fold increase in per capita income. the total demand for electricity will be above 950. ? According to IATA.280 MMT.December 2011 Note: Employment numbers are given as round figures .63 million.279 km of National Highways are proposed to be upgraded to 4 or 6 lane at a total estimated cost of US$ 14.200 jobs between October and December 2011.000 MW by 2030. In case of real estate. This growth will not be limited just to the metros.6 per cent. as against 33. composition of new hires 1% 24% 36% < 1 Year by experience 1 .2 trillion over next 20 years to modernise urban infrastructure and keep pace with this growing urbanisation. but has already started to reach the Tier II and Tier III cities. This expansion will necessitate an enhanced expenditure on developing infrastructure.300 965. This entails massive expansion in all modes of power generation. According to the experts. directly impacting the growth and job generation.000 km of highways by 2014 under the NHDP. Under the Maritime Agenda 2020. ? Increased interest rates has brought down the demand in the housing sector. ? real estate and construction sector is predicted to see Thus.Real Estate and Construction Between June and September 2011. As per DGCA figures.September 2011 12. this has also led to sharp fall in demand. India's urban ? population will soar to 590 million by 2030 from 340 million in 2008. is Around transported through sea.
A T Kearney.8% only in the April-August 2011 period. as well as future uncertainty on inflation and economic growth is reflected in the lower employment growth in the last quarter as well as lower expectation for the Sept-Dec 2011 quarter. Hence. ? been ranked as the fourth most attractive nation for retail India has investment among 30 emerging markets.100 14.4 Years 5 . The Business Monitor International (BMI) forecasts total retail sales in ? India to grow from US$ 411. The IIP for Consumer Goods grew by 4. This fall was mainly due to the massive fall in the production of consumer durables.December 2011 Note: Employment numbers are given as round figures . Online retail segment in India is growing at an annual rate of 35%. The rural market in India is attracting focus from all the major retailers in apparel. followed by apparel. the Trade including CRS sector has added 9. increasing wealth of individuals and rapid construction of organised retail infrastructure as major drivers for the optimistic forecast figures. Along with the metros. the immediate Despite expansion plans of the sector is adversely affected by the spiraling inflation.5 million in 2011 to US$ 1. primarily due to aggressive expansion by organised retailers.5 billion in 2015. ? According to Booz and Co (India).10 years > 10 Years 58% 2% 14% 18% Admin / Accountants etc Core Activities including Marketing and BD Customer Service Senior Management by function 66% 13% 25% 12% Campus HR Agency by hiring sources 10% Referrals Social Media Others 40% Increase in Salary Lateral Job Shift Estimated Employment June 2011 Estimated Employment September 2011 Estimated Employment December 2011 671.Trade including Consumer Retail Services Between June and September 2011.06 billion by 2015. which would take its value from US$ 429. The report has underlined factors like economic growth. by the US-based global management consulting firm. electronics. composition of new hires 8% 1% 33% < 1 Year by experience 1 .700 jobs and is expected to add another 9. population expansion. only 6% of Indian Retail business is with the organised retail players as of 2010. there is a great potential to be explored by the organized domestic players. ? According to a report by research firm CB Richard Ellis India. ? and Markets estimates Indian retail sector to account for Research 22% of the country's GDP (GDP) and contributes to 8% of the total employment. ? tremendous long term growth potential.9% in the previous year. the retailers are betting big on Tier-II and Tier-III cities as well.500 681.September 2011 14. footwear and consumer electronics. lower disposable income and economic downturn.28 billion in 2011 to US$ 804. Participation of international players will remain limited for some more time till the FDI restrictions on retail sector are lifted.1% July . consumer durables and supermarkets businesses. compared to y-o-y growth of 8. food & groceries. Food and groceries is considered to be the largest segment in organised retail.8% October . ? This downturn in prospects. over 6 million square feet of retail mall space was added across India in the first six months of 2011.900 jobs between October and December 2011.200 691. in its Global Retail Development Index (GRDI) 2011.
69 MT last year. The fall in domestic air freight was even sharper in July 2011 at 8. This has made the “Driver’s Job” quite unattractive.4 Years 5 .45 million in Apr-Jul 201011 to 83. Annual increase in the number of India registered vessels though has remained stagnant at around 60 per year for the last three financial years. The growth rate was 4.000 2.13 million in the current financial year. This had an adverse effect on the demand for transport services.07 million tonnes of revenue earning Indian freight traffic during April-August 2011. Storage and Communication sector has added 12.10 years > 10 Years 41% 14% 10% Admin / Accountants etc Core Activities including Marketing and BD Customer Service by function 76% 10% 2% 13% 6% Campus HR Agency by hiring sources Referrals Social Media Others 69% Increase in Salary Lateral Job Shift Estimated Employment June 2011 Estimated Employment September 2011 Estimated Employment December 2011 2. With increased ATF prices and uncertain global & domestic economic condition. ? According to IRTFT. This was mainly due to a negative growth in domestic air freight (-5.500 2. The IIP ? for both mining and manufacturing sectors has seen a sharp drop in the April-August 2011 period. only 5% of fleet owners and transport firms are following the norms of Transport Workers Act. There is an increase of 22. Over the four month period of Apr-Jul 2011-12.4% October . registering an increase of 6. which grew at 17.71 million tonnes) as compared to the corresponding period last year. ? At present.10%.3%). International passenger traffic grew slower at 8. the growth in this sector is expected to remain subdued for some time.31% in the previous year. Storage and Communication Between June and September 2011.709.9%. ? Compared to passenger traffic.6% y-oy. the performance of air freight traffic was rather dismal. about 80% of the country's freight is transported by roads and the rest by railways.8%. However. growing at a rate of 7. the y-o-y growth rate in the month of August decelerated significantly to 2. ? factors have contributed towards lower employment All these generation in transportation sector compared to what had been expected at the beginning of June-Sept quarter. ? in fuel prices. thus resulting in huge shortage in manpower supply.733. price of tyres.Transport.7% only relative to comparable period last year.7% to 0.December 2011 Note: Employment numbers are given as round figures .45 MT from 9.8% and the July 2011 growth figure was even lower at 7.2% and the growth rate of manufacturing has also dropped to 6% from 9.84%. and even chassis along The rise with higher wages for drivers have all contributed towards increased operations costs for road transporters.722. where mining growth has dropped from 7.36 million tonnes in the freight carries (total freight traffic .1%. 300 jobs between October and December 2011.300 11. ?Railways has carried 389. According to All India Motor Transport Congress reports. even in the face of lower demand. growing 15. lubricants.2% recorded for the same period last year. ?Shipping ‘s Gross Registered Tonnage in FY 2010-11 has Indian increased to 10.5% July . at least 15% of the truck fleet in India (around eight lakh trucks) is grounded due to shortage of drivers.500 jobs and is expected to add another 11.366. it grew overall at 0. the Transport. Bulk of it was domestic traffic.September 2011 11. ? Passenger traffic by air increased from 46. composition of new hires 3% 20% 36% < 1 Year by experience 1 .09%.
Pharma and Hospitality. Pune Q3 was sluggish for Pune job hunters. Education and Hospitality.500 jobs.Energy. However. Kolkata Kolkata presents a stable look in terms of new jobs created or expected to be created.000 plus quarterly job creation expected at the beginning of Q3. in reality the numbers are significantly lower than the expectation of 30. The next quarter growth expectation maintains a stable outlook and 3.city-wise employment outlook Ahmedabad About 3. Energy and Transport. However. The expectation for Q4 though remains buoyant at 16.200 jobs against an expected increment of 5. It generated 28. The sectors that generated most of the jobs in Bangalore are Education. Bangalore New job creation in Bangalore in Q3 was higher than expected.400 new jobs are expected to be created in Ahmedabad in the last six months of 2011.000. the actual increase in jobs over the last quarter was lower than anticipated . Hyderabad Hyderabad is the third city that experienced higher than expected employment generation in Q3.300 new jobs. The actual number of additional employment created was in line with the expectation at 27. Real Estate & Construction. only 2.000 jobs as 27. Another 3. Delhi & NCR Delhi & NCR saw the second highest employment creation in Q3.200 jobs are expected to be added during Q4. July . Chennai Though it ranked third in terms of number of jobs created in Q3. Estimated job creation in JuneSeptember 2011 quarter (Q3) was marginally higher than what was expected at the beginning of the quarter. Training & Consulting.000 new jobs are expected to be added in Q4. The major job generators in Pune in Q3 were BFSI. the two major contributors in Q3. BFSI. Mumbai The financial capital of India is the place where most of the new employment opportunities are. The top three sectors in terms of job creation in Q3 were IT/ITES. IT/ITES and Media & Entertainment.500 new jobs were generated as against the prediction of 16.December 2011 100000 90000 80000 70000 55800 27300 52300 25300 60000 50000 40000 30000 20000 32100 16600 11200 5700 9700 4500 7000 3200 5800 3000 3400 1600 10000 0 28500 27000 15500 5500 5200 3800 2800 1800 Mumbai Delhi & NCR Chennai Kolkata Bangalore Hyderabad Pune Ahmedabad .Machineries. the pace of job creation is expected to somewhat slow down in Q4 with an expected increase of 25.only 15.700 new jobs.600 new jobs in Q3. Education. The sectors that contributed to thesuccess in Q3 were BFSI. Energy and Hospitality. Major contributing sectors to employment generation in Q3 were Manufacturing .500 new jobs in Q3 and expects to add another 27. IT/ITES and Hospitality. The actual additional job numbers were 15% lower than expected – against expected 3. IT/ITES and Energy. It generated 3. Against an expectation of 5.300 in Q4.500 jobs.September 2011 October .800 jobs actually came by. IT/ITES. Non-machinery Manufacturing.800 new job opportunities as against the expectation of 3. Training & Consulting. The sectors majorly contributing to Delhi’s job market in Q3 were Education. The expectation for the next quarter is also in similar lines and the city is expected to add 5. The major sectors propelling it to the top place are BFSI. The low expectation for Q4 is due to theprevailing uncertainties in the BFSI and IT/ITES sectors. Though these figures make it the job capital. The major contributing sectors in Kolkata were Manufacturing of Machinery and the Non-machinery products sectors and Consumer & Retail. Manufacturing of Machineries. is not that rosy.600 new jobs. the number of jobs to be created in the October-December 2011 months (Q4) is expected to be significantly lower.900 jobs at the beginning of the quarter. It created 5.900 predicted.300 jobs. however. it actually generated a total of 5. The outlook for Q4.
salary hikes for lateral job shifts.summary and conclusion The current Ma Foi Randstad Employment Survey (MEtS) covers employment generation and other related issues such as sectoral distribution of job growth. India is still expected to grow at 7. GDP growth was lower than predicted and the toll of twin pressures of inflation and high oil price on certain sectors had started to become apparent.34 million new jobs were created in the Indian economy over Q3 in the 13 sectors covered. .5% plus in FY 2011-12. the employment situation was more subdued than what had been expected. And the outlook for the BFSI sector continues to be gloomy. and 40. Despite all these near term problems. and captures the industry expectations on how the employment scenario will develop over the October-December quarter of 2011 (Q4). but there is no need to press the panic button as yet.000 lesser jobs were created than what was expected at the beginning of Q3. Overall. During the last survey at the beginning Q3. The cyclicality in demand for certain sectors like education and hospitality have also led to lower employment numbers. With no recovery in global economy in sight. which protects their growth potential once the immediate term glitches are conquered. It is to be noted that even the most adversely affected sectors in Q3. the furrows have only grown thicker.98% over June 2011 figures. The current survey estimations suggest that a total 0. even though a deceleration in job growth rates is now being experienced. employment grew at 0. and the pressures of inflation (which has resulted in a high interest rate regime) and oil prices still strong. the long term growth story of India is still intact. that despite the short term downturn (resulting in lower job numbers). in the longer term the economy still retains the wherewithal to jump back – the numbers may be sluggish. The rate sensitive sectors like Real Estate and the Automobile have started to falter with vanishing demand. functional area and hiring sources for the June-September quarter of 2011 (Q3). composition of new hires in terms of experience. which is an indicator of its resilience and gives confidence. still enjoy a favourable long term excess demand situation. In the face of economic uncertainly percolating from both domestic and international macro events.
2 % 9.625.3 % 0.1 % 11.Non-machinery products Media & Entertainment Pharma Real Estate and Construction Trade including Consumer retail and logistics Transport.700 334.4 % 20.492.3 % 1.2 % 39.1 % 21.200 3.1 % 11. Financial Services and Insurances Education.7 % 61.300 A2: Expected Increase in Salary across Different Sectors .8 % 2.100 1.Machineries and Equipment Manufacturing ./Accounts etc.881.000 309.4 % During July to September 2011 A3: Composition of New Hires by Experience Less than 1 year 1 to 4 years 5 to 10 years More than 10 years Banking.7 % 18.663.6 % 11.6 % 2.1 % 6.400 991.5 % 11.500 954.200 1.5 % 46.6 % 12.0 % 33.9 % 22.0 % 27.010.295.553.9 % 62.8 % 11.8 % 22.Appendix A1: Expected Increase in Employment across Different Sectors BFSI Education.900 1.200 910.4 % 26.2 % 36.100 6. Core activities including Marketing and Business Development Customer Services related Higher Management Banking.2 % 16.8 % 1.1 % 30. Storage and Communication Estimated Employment June 2011 Estimated Employment September 2011 Expected Employment December 2011 939.5 % 3.600 3.8 % 18.476.300 671.443. Training and Consultancy Energy Healthcare Hospitality IT & ITES Manufacturing of machineries and equipments Non-machinery Manufacturing Media and entertainment Pharma Real Estate and Construction Trade including CRS Transport.8 % 49.178.0 % 15.5 % 2.8 % 36.5 % 1.0 % 15.1 % 2.8 % 11.2 % .8 % 23.8 % 14.2 % 39.3 % 19.3 % 1.8 % 17.1 % 12.9 % 14.5 % 76.0 % 16.2 % 18.5 % 56.1 % 14.5 % 28.000 1. Financial Services and Insurances Education.9 % 76.3 % 15.164.3 % 33.200 691.800 917.5 % 2.8 % 67.4 % 13.200 2.0 % 35.733.2 % 14.413.709.2 % 1.7 % 31.589.1 % 13.2 % 28.2 % 17.1 % 13.0 % 3.2 % 11.400 4.500 924. training and consultancy Energy Healthcare Hospitality Information Technology and Information Technology related Services Manufacturing .839.9 % 23.5 % 21.1 % 3.1 % 3.9 % 41.7 % 33.600 4.Non-machinery products Media & Entertainment Pharma Real Estate and Construction Trade including Consumer retail and logistics Transport.Lateral Job Shift Estimated Average Increase during July to September 2011 Expected Average Increase during October to December 2011 BFSI Education.3 % 36.7 % 21.Machineries and Equipment Manufacturing .3 % During July to September 2011 A4: Composition of New Hires by Functional Areas Support functions such as Admin.900 321.4 % 49.2 % 65.6 % 2.9 % 15.722.000 2.2 % 66. Storage and Communication 32.4 % 0.3 % 3.860.2 % 68.6 % 47.000 681.4 % 15.8 % 3.5 % 40. training and consultancy Energy Hospitality Information Technology and Information Technology related Services Manufacturing .9 % 19.100 3.7 % 1.254. Storage and Communication 10.9 % 0.098.8 % 5.6 % 12.5 % 16.3 % 57.800 6.2 % 12.1 % 67.7 % 66.1 % 12.1 % 3.9 % 50.800 9.6 % 12.8 % 35.2 % 20.192.5 % 30.9 % 39.000 934.0 % 7.700 6.000 966.0 % 15.7 % 29.9 % 19.5 % 9.2 % 15.600 9.056.2 % 20.400 4.0 % 1.0 % 17.0 % 58.4 % 15.6 % 21.600 2.1 % 26.7 % 23.600 1.600 965.611.800 1.7 % 14. Training and Consultancy Energy Healthcare Hospitality IT & ITES Manufacturing of machineries and equipments Non-machinery Manufacturing Media and entertainment Pharma Real Estate and Construction Trade including CRS Transport.100 2.2 % 7.500 9.600 2.8 % 4.500 2. Storage and Communication 12.205.
Machineries and Equipment Manufacturing .0 % 14.2 % 27.6 % 3. Core activities including Marketing and Business Development Customer Services related Higher Management Ahmedabad Bangalore Chennai Delhi & NCR Hyderabad Kolkata Mumbai Pune 21.7 % 14.September 2011 Expected October .7 % 7.2 % 13.2 % 3. Storage and Communication 4.1 % 3.5 % 12.2 % 11.58 % 33.3 % 1.1 % 3.2 % 17.1 % 67.1 % A7: City-wise Likely Increase in Salary .1 % 66.5 % 17.0 % 24.1 % 21.6 % 24.0 % 5.0 % 48.5 % July to September 2011 A9: City-wise Share of Different Functional Areas amongst New Hires Support functions such as Admin.800 1.8 % 12.6 % 6.2 % 25.0 % 10.4 % 12.0 % A6: City-wise Expected Increase in Employment and Growth Rate Increase in Employment Estimated July .Proportion of New Hires A5: Share of Different Hiring Sources for New Hires Campus HR Agency Referrals Social Media Others Banking.3 % 23.4 % 13.4 % 24.3 % 8.600 4.7 % 29.9 % 1.0 % 14.1 % 44.4 % 32.700 27.September 2011 Expected October .9 % 15.5 % 20.9 % 3.0 % 35.5 % 3.8 % 4.9 % 3.December 2011 Ahmedabad Bangalore Chennai Delhi & NCR Hyderabad Kolkata Mumbai Pune 1.3 % 14.6 % 9.800 5.9 % 33.9 % 3.Non-machinery products Media & Entertainment Pharma Real Estate and Construction Trade including Consumer retail and logistics Transport.0 % 1.500 27.6 % 15.0 % 2./Accounts etc.5 % 2.300 3.6 % 14.8 % 30.0 % 18.200 5.4 % 69.Lateral Job Shift Ahmedabad Bangalore Chennai Delhi & NCR Hyderabad Kolkata Mumbai Pune 13.4 % 35.1 % 42.7 % 11.3 % 33.9 % 44.0 % 57.0 % 17.2 % 44.8 % 45.9 % 28.2 % 24.1 % 14.3 % 31.500 28.500 2.300 3.5 % 18.2 % 49.7 % 3.200 15.6 % 7.600 25.3 % 10.8 % 44.8 % 17.0 % 15.500 16.8 % 32.0 % 3.1 % .5 % 35.9 % 4.0 % 11.2 % 26.800 5.0 % 10.3 % 13.4 % 30.7 % 26.3 % 65.0 % 5.9 % 27. Financial Services and Insurances Education.000 3.8 % 55.9 % 15.2 % 51.7 % 36.9 % 12.6 % 2.5 % 12.2 % 15.2 % 2.2 % 2.2 % 4.5 % 4.5 % 16.4 % 40.7 % 8.5 % 13.3 % 14.8 % 34.9 % 16.3 % 2.0 % 21.8 % 53.000 3.2 % 14.6 % 1.8 % 37.2 % 47.8 % 9.3 % 16.7 % 38.2 % 3.4 % 13.1 % 1.2 % 18.7 % 28.3 % 11.1 % 25.5 % 39.3 % 15.0 % 7.0 % 13.0 % 11.3 % 3.4 % 59. training and consultancy Energy Healthcare Hospitality Information Technology and Information Technology related Services Manufacturing .3 % 15.3 % 27.0 % 2.5 % 17.1 % 18.3 % 9.0 % 3.December 2011 Growth in Employment Estimated July .1 % 2.8 % 43.0 % 4.1 % 40.5 % 10.2 % 34.2 % 1.0 % Average Salary Hike July to September 2011 October to December 2011 12.4 % 37.8 % A8 : City-wise Share of Different Experience Brackets amongst New Hires Less than 1 year July to September 2011 1 to 4 years 5 to 10 years Greater than 10 years Ahmedabad Bangalore Chennai Delhi & NCR Hyderabad Kolkata Mumbai Pune 24.2 % 1.6 % 5.2 % 5.0% 14.1 % 5.6 % 33.6 % 25.3 % 3.
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