Mar 11 2008
One million new jobs in 2008!
One million fresh jobs have been predicted this year in India by a leading human resources consultancy firm. Maximum of which is supposed to be provided by Mumbai followed by Delhi, Chennai and Kolkata.
Ma Foi Employment Trends Survey (METS), conducted by Ma Foi, one of India’s largest HR consultancy firm has predicted a 3 % increase in employment in the current year, which promises to offer jobs for the freshers and other interested for a good change in their work.
According to the survey, maximum job opportunity jobs will come from hospitality sector which is presently at the top because if increasing tourism in the country. According to the survey, this sector is going to generate approximately 426,668 jobs. Next to it can be health sector with 295,829 jobs followed by education training and consultancy sector offering around 166,005 jobs.
“The boom in the tourism industry has had a cascading effect on the hospitality sector, which was a result of the increase in the occupancy ratios and average room rates. With the demand continuing to surge, many global hospitality majors have evinced a keen interest in the Indian hospitality sector,” says K Pandia Rajan, managing director, Ma Foi Management Consultants Ltd.
With an estimate, $11.41 billion is expected to be seen to be invested in the hospitality sector in the next two years. India is likely to have around 40 international hotel brands by 2011.
Economic growth rate may be moderate this year but employment growth is definitely going to be at a hike. While, information technology (IT) and information technology-enabled services (ITES) sectors continue with high growth in recruitment at 7.3 and 7.2 per cent, the health sector will show the highest growth in recruitment at 8.9 per cent.
According to the Federation of Indian Chambers of Commerce and Industry, the healthcare industry has emerged as one of the most challenging sectors in India. As per industry reports, the Indian health services sector is estimated to be around Rs 75,000 crore (Rs 750 billion) and is expected to grow by 170 per cent by 2012.
The survey also said that the real estate and construction industry records the highest percentage of work outsourced with 19 % followed closely by hospitality at 18.5 per cent. Survey said that Energy generation and supply sector will experience the highest average salary increase of 16.8%. IT, real estate and construction, trade and hospitality are other sector with a considerable increase in salary.
The study is conducted on 22 different sectors across 2006 units spanning all major industry segments from all over the country for predicting future employment trends for this year.
