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Sectors in India with High Employment Generation
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23rd April, 2008
Sectors in India with High Employment Generation are Education, health and hospitality sectors may replace the IT/ITeS sector as the largest job creators in the country this year.
According to a survey, employment generation by the hospitality sector will be the largest followed by the health sector.
The education sector, including training and consultancy, would also create job opportunities.
However, the IT and ITeS sector, so far considered the largest job provider, is expected to add fewer jobs.
Food and beverages, minerals and metal products, and manufacturing of furniture are other sectors which recorded less job additions |
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| IT sector pay hikes likely to taper out |
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BANGALORE: 21st March, 2008
The great Indian IT dream job has probably lost its cult status. In line with the depressed market conditions and fears of business contraction, wage hikes in IT jobs are expected to be lukewarm, industry sources say.
The Indian IT services industry, which was witnessing an average annual wage hike in the range of 16%-20%, is likely to see a compensation increase in the range of 8%-12%. If this happens, it would be the second time in eight years that the industry will see a dip in wage growth rate. The last time when the industry saw lower growth rate in wages was during the dotcom bust in 2001-2002 period.
IT jobs, in its golden era, were attractive not just for the fabulous pay package but also stock options, which made many millionaires. Now the scenario is quite different. A recent survey by Hewitt Associates showed that in 2007 the real estate sector led the list with highest salary increase, leaving traditional leaders like IT and BPO way behind.
With the announcement of fourth quarter results next month, industry majors like TCS and Infosys are expected to set the tone on wages for the coming fiscal.
Although there is no firm decision yet, it is expected that increments could breach the sub-10% barrier or be in the very low double-digit range at the very best, according to industry sources. |
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| Youth prefer brand image for choosing jobs |
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NEW DELHI: 23rd May, 2008
When it comes to understanding the youth, India Inc doesn’t score high enough. Despite popular misnomers that today’s youth have short-lived ambitions, are opportunistic and only money-oriented, the survey on ‘why youth pick and chuck jobs’ by temping firm, TeamLease reports ‘future career opportunities’ as one of the key influencers for picking jobs.
At the same time, ‘job profile’ was highlighted as the next prominent criteria for talent attraction. The study polled youth below 25 years across eight major cities (Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai and Pune) for a sample size of 443 and 52 HR heads.
Office location and convenience of commuting emerged as primary criteria for accepting and keeping jobs amongst the Gen Y. Stress over job security compels young employees to look at ‘better job opportunities elsewhere.’ This, coupled with work life imbalance, is key contributors to employee disengagement.
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