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Shilpi

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  • 1. Ma Foi Employment Trends Survey(March 9, 2010)<br />The survey was conducted among 1,000 companies across 11 industry segments in India –<br />Banking and Financial Services (BFSI), Education, Energy, Health, Hospitality &amp; Travel, IT, ITES, Real Estate &amp; Construction, Trade, Transport and Manufacturing.<br />These companies were queried about their hiring intentions in<br />over the next 3 months<br />over the next year<br />
  • 2. Industry wise trends <br />BFSI: 
Total Employee Base: 8,52,000 New Jobs: 46,000<br />Education, Training and Consultancy: 
Total Employee Base: 97,15,000 New Jobs: 83,000<br />Energy generation &amp; supply:
Total Employee Base: 8,74,000 New Jobs: 15,000<br />Healthcare
Total Employee Base: 33,66,000 New Jobs: 2,95,000<br />Hospitality &amp; Travel:
Total Employee Base: 59,51,000 New Jobs: 1,37,000<br />IT &amp; ITES
Total Employee Base: 17,93,000 New Jobs: 97,000 
 <br />
  • 3. Contd…<br />Real Estate &amp; Construction 
Total Employee Base: 7,30,000 New Jobs: 1,36,000<br />Trade (Retail)
Total Employee Base: 611,000 New Jobs: 13,000<br />Transport, Storage &amp; Communication
Total Employee Base: 26,38,000 New Jobs: 27,000<br />Manufacturing
Total Employee Base: 55,30,000 New Jobs: 68,000<br />
  • 4. City-wise trends <br />Mumbai – Moderately down<br /> Entertainment up, media remains affected, financial services yet to pick up significantly, construction sector has bottomed out.<br />Delhi – Significantly down<br /> Media and business services have taken a big hit. Retail has not recovered yet; financial services and construction sector see slow upturn.<br />Bangalore – Moderately up
Employment in IT is picking up again; retail sector remains adversely affected as players don’t add new stores. Business services continue to do well.<br />
  • 5. Contd…<br />Kolkata – Moderately up<br /> Signs of revival in the manufacturing and IT. However, business services remain down and media continues to remain adversely affected due to the slowdown.<br />Chennai – Significantly up<br /> Manufacturing and IT are both up significantly, slight improvement in retail and financial services. Situation may improve in the next couple of quarters.<br />Pune – Strongly up<br /> Movement from Mumbai to Pune has strengthened due to better infrastructure. IT and manufacturing are strongly up as economy looks up. Construction is hiring again.<br />
  • 6. Contd…<br />Hyderabad – Strongly down<br /> Political uncertainty has forced some companies to put plans on hold. IT, manufacturing, infrastructure and construction are all down.<br />Ahmedabad – Strongly up<br /> Manufacturing sector, business services, media and transport sector all see a strong uptrend as new investments continue to flow into Gujarat.<br />
  • 7. Key Findings <br />HR managers quite uncertain on hiring in the short term, but see the need for significant fresh hiring sometime during the calendar year 2010.<br />Policy uncertainty as well as recent experiences are supporting this uncertainty in hiring. <br />Overall therefore, most see very little hiring this quarter, but expect to ramp up in FY 2010-11.<br />Industry specific constraints  are still impacting hiring in sectors such as IT and trade, though this is not expected to remain for long.<br />
  • 8. Contd…<br />Most see the current growth levels as sustained and on an accelerating trend and expect necessity for fresh hiring.<br />Consensus among managers that despite rising inflation, new hiring will not be at significantly higher remuneration levels than observed currently. <br />Cost control seen as a constant concern across all sectors<br />

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