Healthcare & Hospitality Sectors to add maximum number of jobs
The organized sector in India is set to create about 320,400 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 among 650 companies across 13 industry segments that included 8 Indian cities. The Top management and senior HR personnel of these companies were queried about their hiring intentions in present quarter vis-à-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. The top five sectors leading the boom are Healthcare, Hospitality, Real Estate & Construction, IT & ITeS and Education, Training & Consulting.
New Delhi, Mumbai and Chennai are the leading job generators creating 112,987 jobs for the period of January to September 2010. Kolkatta, Bangalore and Hyderabad follow closely creating 30,000 plus jobs during the same period.
Given below are some key findings
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- 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 3rd quarter.
- Amongst the cities, Bangalore expects increase in average salary by about 4.9% followed by Delhi (3.5%) & Pune (3.5%) during the third quarter.
- 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%.
- Kolkatta has the highest estimated percentage of experienced workforce (82%) and New Delhi has the highest estimated percentage of freshers (35%)
Commenting on the Indian job market scenario, Mr. Ben Noteboom, CEO & Chairman of the Executive Board, Randstad Holding, 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. I expect India to continue its economic growth and employment generation fuelled by its domestic consumption and stabilizing global economy.”
Speaking on the occasion, Mr. K. Pandia Rajan, MD & 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.”
Log on to www.mafoirandstad.com to download the full MEtS report.
About Ma Foi Randstad Employment Trends survey
The Ma Foi Randstad Employment Survey (MEtS) is a study on the Indian employment trends and opportunities conducted by Ma Foi Management Consultants Ltd. Started in November 2004, till 2008, MEtS was conducted once in a year. Considering the fact that several employment dynamics shifts substantially even within a year’s time, the employment survey was decided to be conducted quarterly from 2010. The changes within a shorter span of time can be captured through quarterly reports. The first report was released in June 2010. This is the second report of the current year.
The prime objective of this employment survey is to understand the employment trends in the organized sector on a quarterly basis. The present survey captured the employment situation in the organized sector for the quarter April to June 2010 and the likely scenario for the current quarter, i.e., July to September 2010. The study is based on the sample survey conducted for about 650 companies across different sectors of the economy. The feedback was gathered from the top HR personnel or top management of the companies who could share the current and the likely scenario regarding employment related issues. The major parameter captured in the survey is change in hiring pattern or employee numbers.
About Ma Foi Randstad
Ma Foi Randstad is an international HR service provider servicing world class companies across the globe. Started in 1992, the company has grown into a full spectrum HR services provider for clients worldwide. It has helped generate career opportunities for more than 2,99,000 individuals in 36 countries, and has worked for over 250 Fortune 500 organizations.
Ma Foi Randstad offers the broadest HR services portfolio ranging from Search, Selection, Staffing, Consulting, Outsourcing, Training and HR Automation. The organization has a vast network of offices across the country to be within the reach of clients, candidates and flexi workers.
Ma Foi Randstad continues to focus on developing customized and innovative HR services, leveraging on its unique strengths of geographical presence and end-to-end capability across all HR service functions.
About Randstad:
Randstad specializes in solutions in the field of flexible work and human resources services. Our services range from regular temporary staffing and permanent placement to inhouse, professionals, search & selection, and HR Solutions. Since acquiring Vedior in 2008, the Randstad Group is the second largest HR services provider in the world with top three positions in Argentina, Belgium & Luxembourg, Canada, Chile, France, Germany, Greece & Cyprus, India, Mexico, the Netherlands, Poland, Portugal, Spain, Switzerland and the UK, as well as major positions in Australia and the United States. End 2009 Randstad had approximately 25,500 employees working from over 4,100 branches and inhouse locations in 44 countries around the world.
Randstad generated revenue of € 12.4 billion in 2009. Randstad was founded in 1960 and is headquartered in Diemen, the Netherlands. Randstad Holding NV is listed on the NYSE Euronext Amsterdam, where options for stocks in Randstad are also traded. For more information see www.randstad.com
Please visit www.mafoirandstad.com to download / view the report.