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 Ma
Foi's Employment Survey predicts 3% increase in employment.
Ma Foi Management Consultants Limited, India's largest HR Staffing
and Solutions provider has announced the findings of the Ma Foi
Employment Trends Survey (MEtS), today.
The 2008 MEtS Report captures the employment scenario of 22
different sectors as of December 2007 and predicts the future
employment trends for 2008 in the organized component of these
sectors.
This survey was conducted across 2006 units
spanning all major industry segments from all over the country,
according to K. Pandia Rajan, Managing Director, Ma Foi Management
Consultants Limited .
Health Sector shows the highest growth in
recruitment at 8.9% followed by IT at 7.3%, ITES at 7.2% and
Hospitality at 6.9%. The Hospitality sector is shown to generate the
maximum number of employment in 2008 - 426,668 jobs. This sector is
closely followed by Health at 295,829 and Education Training &
Consultancy at 166,005. The lowest employment generating sectors for
2008 are Manufacturing of Food and Beverages, Minerals and Metal
Products and manufacturing of Furniture. An estimated US$ 11.41
billion is expected to be seen in the Hospitality sector in the next
two years. India is likely to have around 40 international hotel
brands by 2011.
The sectors having the highest number of jobs in
2008 are Education at 10,429,312, Hospitality at 6,595,879 followed
by Health at 3,616,525.
Mining Sector records the lowest number of jobs
in 2008. With the PSUs being major players in the sector, the
employment is seen to be on the downturn because of the same reasons
impacting the employment in PSUs of other sectors. The VRS schemes
and lack of new employment opportunities is further adding to the
low employment figures.
Other key highlights
- At 19%, the Real Estate and Construction
Industry records the highest percentage of work outsourced followed
closely by Hospitality at 18.5%.
- Experienced workers are hired more than
freshers, who constitute a little more than a quarter of the newly
hired. Sectors where the demand for freshers is above 30% include
Hospitality, Energy Generation & Supply Sector, ITES and Mining &
Extraction. Real Estate & Construction stands out as the sector in
which more than 75%of the recruitments are of experienced
professionals.
- It is observed that the Energy Generation &
Supply sector will experience the highest average salary increase
(16.8%). Other booming sectors in terms of average salary increase
are IT, Real Estate & Construction, Trade and Hospitality sector
among others.
- In the city analysis, Mumbai is poised to
generate the highest number of employment followed by Delhi, Chennai
and Kolkatta. In terms of the percentage change in employment
between 2006-07 and 2007-08, Hyderabad is the forerunner followed
closely by Pune. Bhubhaneswar is another city with above 20% growth
in employment. |
