Job outlook is positive: Survey

BANGALORE: The organised sector in India is set to create about 3,20,400 jobs between July and September 2010, reveals the latest results of Ma Foi Randstad Employment Trends Survey. There is optimism in the economic scenario across all sectors and services sector has created most of the new jobs in the country.

The survey was conducted across 13 industry segments that included eight Indian cities. The top five sectors leading the boom are healthcare, hospitality, real estate & construction, IT & ITeS and education, training & consulting.
The top management and senior HR personnel of 650 companies were queried about their hiring intentions in present quarter vis-a-vis the last quarter and their views about the whole year.

The survey reveals that a total of 418,564 jobs were created between January and June 2010 with healthcare sector creating over 121,000 jobs followed by Hospitality sector creating close to 63,000 jobs.

New Delhi, Mumbai and Chennai are the leading job generators creating 112,987 jobs for the period of January to September 2010. Kolkata, Bangalore and Hyderabad follow closely creating 30,000 plus jobs during the same period.

Real estate & construction sector leads the pack with the highest growth in number of people employed by the sector; not surprisingly, the sector expects growth in average salary by about 4% followed by pharma (3.5%) and healthcare (3.4%) during the third quarter.

Amongst the cities, Bangalore expects increase in average salary by about 4.9% followed by Delhi (3.5%) and Pune (3.5%) during July-August-September period.

Estimated proportion of experienced workforce is the highest in the pharma sector, which is 87%. Healthcare sector is estimated to have the highest percentage of freshers at 38%. Kolkata has the highest estimated percentage of experienced workforce (82%) and New Delhi has the highest estimated percentage of freshers (35%), found the study.

Commenting on the Indian job market scenario, Ben Noteboom, CEO, Randstad Holding, “We see positive trends across many economies across the globe, such as the US, Germany, France, Asia Pacific and parts of Europe which are clearly growing. I expect India to continue its economic growth and employment generation fuelled by its domestic consumption and stabilising global economy.’’

K. Pandia Rajan, CEO, Ma Foi Randstad, said, “We see a clear trend of increased optimism in hiring spread across all sectors. We see the service sectors like healthcare and hospitality spearheading the boom by adding significant number of jobs. The buoyant economy has given a boost to real estate & construction sector, which has demonstrated the highest growth in employment figures. We are positive that this trend will continue in the next quarter too.’’