Job creation hasn't slowed much: CLSA

Job creation remains close to last year's pace: CLSA

If you thought job losses and lack of employment opportunities were the greatest problems facing Indian companies, think again. The workforce of YES Bank, for instance, grew 34 per cent in 2016-17 over a year earlier to 20,000. Its staff cost during the year increased 39 per cent, reveals a report by brokerage firm CLSA. 

The firm’s analysts led by Mahesh Nandurkar, said, “The key takeaway is that contrary to market fears, job creation remains close to last year’s pace, helped by non-banking financial companies (NBFCs).”

The report also observes that HDFC’s earnings per employee was Rs 3.2 crore in