SlideShare a Scribd company logo
1 of 24
Download to read offline
Comprehensive overview of the mechanics of hiring, job growth, salaries and their drivers,
trends and forecasts across eight cities and nine sectors in India.
EMPLOYMENT OUTLOOK REPORT
TEAMLEASE SERVICES
HY-2, 2015-16
1
PREFACE
The TeamLease Employment Outlook Report provides a rich overview
of hiring sentiments and trends across 9 key sectors and 8 major cities
in India. They are a half-yearly exercise in capturing and reporting on
Talent Acquisition plans by Indian employers.
Over the years, the Employment Outlook – defined in the enclosure
alongside –has come to reflect an accurate, forward looking, sense of
the inclination to hire by organizations, thus helping Talent Managers
across India with highly relevant decision support.
The report aims to:
1. Measure trends in hiring sentiment across the country, and
estimate Job Growth, by city and sector.
2. Drill across geographies, business size and hierarchy to provide
additional dimensions of the statistic.
3. Identify the key drivers of hiring sentiment at a ‘big-picture’ as
well as sector-level.
ABOUT TEAMLEASE
TeamLease is a pioneer, and India’s largest and foremost people
supply chain company, with 8 regional offices and 1,100 core
employees. We began business in 2002 delivering Temporary Staffing
and have subsequently added Permanent Recruitment, Regulatory
Compliance, Payroll Processing and Learning Services to our bouquet
of offerings. Today, we serve 2,200 clients working across industry
verticals in India.
Besides Employment, over time, we have developed a triangulated
focus that includes Education and Employability.
Our core business is providing staffing solutions across industry sectors
and diverse functional areas. The majority of our associate employees
are engaged in sales, logistics and customer service functions. We
focus on people, processes and technology to enhance business
productivity by enabling our clients to outsource their staffing
requirements and allowing them to focus on operating and growing
their core businesses.
THIS
EDITION
[Type the sidebar
content. A sidebar is a
standalone
supplement to the
main document. It is
often aligned on the
left or right of the
page, or located at the
top or bottom. Use the
Drawing Tools tab to
change the formatting
of the sidebar text
box.]
THE
EMPLOYMENT
OUTLOOK
is a measure of the
probable hiring activity
across India over the
forthcoming half-year. It
captures hiring sentiment in
terms of a percentage
increase / decrease and
summarizes a net statistic.
NET
EMPLOYMENT
OUTLOOK
is the difference between
the number of respondents
who are inclined to hire and
the number of respondents
who are disinclined to hire,
over the next 6 months of
the financial year (October
through March, 2015-16).
2
Contents
1. Executive Summary
2. Employment Outlook
2.1. Reporting convention – how to interpret outlook statistics
2.2. Employment Outlook for the Current HY
2.3. Employment Outlook Trend over the years
3. Employment Outlook Trends
3.1. By sector, city andgeography
3.2. By organization size,functional area and experience levels
4. Top Sectors and Cities
5. Sector-wise Analysis
6. City-wise Analysis
7. Research Methodology
7.1. Approach
7.2. Sample Design
7.2.1. Employers: City-Sector breakup
7.2.2. Employers: Business size-wise breakup
7.2.3. Candidates: City-wise breakup
8. Annexure-1: The big picture: what factors drive Employment Outlook
9. Annexure-2: The Salary Scene: what employers will pay
10. Annexure-3: Business Outlook
11. Annexure-4:City-Sector sweet spots
12. Annexure-5:Functional area-Sector sweet spots
3
EXECUTIVE SUMMARY
Favourable prognosis for the economy by the United Nations, corporate citizenry expectant of the new
government taking a leap of faith on reforms, and the continuing flurry of innovation activity result in an
incremental improvement in the number of employers looking to increase hiring and help keep up
employment sentiment at 89%, a small, but significant, increase of 3 basis points over the previous
half-year forecast.
Large and medium-sized businesses [+4 and +3 percentage points respectively] are likely to fill entry-
and senior-level positions [+10 and +2 points]. The numbers are coming in from metros, tier-1 and tier-
2 cities, all of the functional areas sans Sales and Marketing, and all,of the sectors sans Financial
Services and Telecommunications.
Modest growth in outlook is seen across sectors, most notably Information Technology, Infrastructure
and Health & Pharmaceuticals [+3 percentage points each], and there is significant uptick in outlook
across cities, with sentiments in Bangalore and Mumbai improving by 5 and 4 points, respectively. In
Mumbai and Pune, these trends juxtapose to create a host of city-sector clusters that see upwards of
3-point increases in outlook.
The recurring theme of consumer maturity and technological innovation is now being ferociously
leveraged by ecommerce businesses and technology startups. They debut impressively on our sector
list with 84% of the respondents from the sector indicating the intent to increase hiring. Businesses in
the sector are as much driven by demand growth and hyper-competition as they are by severe attrition.
The Infrastructure sector seems to be an early beneficiary of the ‘Make in India’ initiative with
Manufacturing, the actual intended beneficiary, expected to benefit with a lag effect. Swelling foreign
exchange reserves and the government’s acceleration of projects have aided the sector in this growth.
The number of jobs in the sector is projected to double over the next decade. Information Technology
and Health & Pharmaceuticals are the other two sectors that stack up equally high [+3 points each].
The positive – albeit incremental – sentiment seen across most sectors and cities is only slightly
negated by the few, even less incremental, negative sentiment in Financial Services and
Telecommunications [-3 and -2 points, respectively] among sectors, and Delhi [-2 points] among cities.
The negative outlook, in all these cases,is attributable to the number of respondents intending to lower
the pace of hiring.
4
EMPLOYMENT OUTLOOK
1. Reporting convention: how to interpret outlook statistics
The Net Employment Outlook is the difference between the number of respondents who are
inclined to hire and the number of respondents who are disinclined to hire, over the next 6
months of the financial year (October through March, 2015-16). The Outlook is expressed as a
percentage of the total number of respondents.
For the forthcoming half year, for which the Outlook is being reported here, 93% responded
positively (hire would increase), 4% responded negatively (hiring would decrease) and 3%
responded saying there would not be any change in the volume of hiring, from the previous half
year. The Net Employment Outlook, therefore, would be 89%.
2. Employment Outlook for the Current HY
Increase Decrease No Change Net Employment
Outlook
Apr – Sep, 2013 84 5 11 79
Oct – Mar, 2014 83 7 10 76
Apr – Sep, 2014 85 5 10 80
Oct – Mar, 2015 93 5 2 88
Apr – Sep, 2015 91 5 4 86
Oct – Mar, 2016 93 4 3 89
79
80
86
76
88
89
65 70 75 80 85 90
2013-14
2014-15
2015-16
Employment Outlook - Over the years
HY-2
HY-1
5
Hiring sentiments have inched up to a 3-year high, rather cautiously and as a matter of a second
coming within a year, reflecting renewed confidence in a new regime as well as buoyed by a favourable
growth forecast for the Indian economy.
The United Nations’ reaffirmation of a spectacular near-future for India – a growth rate of 8.1% in 2015
which is projected to only get better at 8.2% in 2016 – is a major factor in employers inclined to put their
foot forward and hire. The primary cause underlying this acceleration in growth is fast-clipped consumer
spending fueling consumer maturity – a long term trend we have discussed over the past year.
6
EMPLOYMENT OUTLOOK TRENDS
BY GEOGRAPHY, BUSINESS SIZE, HIERARCHY AND
FUNCTIONALAREA
Geography
Increase Decrease No Change Net Employment Outlook
METRO & TIER-1
Apr – Sep, 2015 94 3 3 91
Oct – Mar, 2016 96 3 1 93
TIER-2
Apr – Sep, 2015 27 7 66 20
Oct – Mar, 2016 25 3 72 22
TIER-3
Apr – Sep, 2015 15 5 80 10
Oct – Mar, 2016 12 4 84 8
RURAL
Apr – Sep, 2015 4 3 93 1
Oct – Mar, 2016 4 2 94 2
Business Size
Increase Decrease No Change Net Employment Outlook
SMALL
Apr – Sep, 2015 76 6 18 70
Oct – Mar, 2016 73 9 18 64
MEDIUM
Apr – Sep, 2015 85 11 4 74
Oct – Mar, 2016 85 8 7 77
LARGE
Apr – Sep, 2015 89 7 4 82
Oct – Mar, 2016 91 5 4 86
Hierarchy
Increase Decrease No Change Net Employment Outlook
ENTRY LEVEL
Apr – Sep, 2015 62 7 31 55
Oct – Mar, 2016 70 5 25 65
JUNIOR LEVEL
Apr – Sep, 2015 86 8 6 78
Oct – Mar, 2016 83 8 9 75
MID-LEVEL
Apr – Sep, 2015 53 4 43 49
Oct – Mar, 2016 50 5 45 45
SENIOR LEVEL
7
Apr – Sep, 2015 31 2 67 29
Oct – Mar, 2016 34 3 63 31
Functional Area
Increase Decrease No Change Net Employment Outlook
SALES
Apr – Sep, 2015 95 4 1 91
Oct – Mar, 2016 93 3 4 90
MARKETING
Apr – Sep, 2015 95 4 1 91
Oct – Mar, 2016 83 8 9 75
INFORMATION TECHNOLOGY
Apr – Sep, 2015 78 5 17 73
Oct – Mar, 2016 83 4 13 79
ENGINEERING
Apr – Sep, 2015 78 5 17 73
Oct – Mar, 2016 86 5 9 81
OFFICE SERVICES
Apr – Sep, 2015 24 9 67 15
Oct – Mar, 2016 27 8 65 19
HUMAN RESOURCES
Apr – Sep, 2015 N.A. N.A. N.A. N.A.
Oct – Mar, 2016 73 10 17 63
BLUE COLLAR
Apr – Sep, 2015 57 2 41 55
Oct – Mar, 2016 72 7 21 65
Employment Outlook trends across Geography, Business Size, Hierarchy and Functional Area are
clear indicators of a broad-based sense of confidence – albeit a few exceptions, as is discussed in
the later pages – in employers. While Metro and Tier-1 cities continue to dominate the landscape,
Tier-2 cities have appreciably come further up the radar for organizations that have been tapping
into the hinterland for talent volumes that the former set of cities may not help fulfill on.
That businesses of all sizes are likely to accelerate hiring is a matter of optimism, while the
significant impetus to Entry-level, as well as a moderate push to Senior-level, hiring seems to
reinforce positivity.
Amongst functional areas, Information Technology and Engineering lead by far and substantially
improve their standing. Blue Collar workforce sees an appreciable increase in demand and,
therefore, hiring sentiment.
BY SECTORAND CITY
Employment Outlook by Sector
8
H2, 2015-16 H1, 2015-16 % change
LEADERS
Information Technology & Knowledge
Services
96 93 3
Retail 95 93 2
Infrastructure 89 86 3
Health & Pharmaceuticals 88 85 3
Ecommerce & Technology Startups 84 - -
LAGGARDS
Financial Services 82 85 -3
Telecommunications 80 82 -2
Fast Moving Consumer Goods 75 74 1
Manufacturing & Engineering 70 68 2
Employment Outlook by City
H2, 2015-16 H1, 2015-16 % change
LEADERS
Bangalore 93 88 5
Pune 82 78 4
Mumbai 75 72 3
Ahmedabad 74 72 2
LAGGARDS
Chennai 72 70 2
Delhi 68 70 -2
Hyderabad 63 60 3
Kolkata 59 56 3
The growth boosters – amongst sectors and cities – happen to be the ones that showcase a
combination of technological prowess and consumption power. Information Technology and
Knowledge Services and Retail lead the sector-stack with appreciable proportions of the
respondents willing to up people numbers, while Ecommerce & Technology Startups – a new-
comer in our bucket list – has debuted with a sharps upward trajectory.
The spectacular emergence of Ecommerce & Technology Startups on the hiring horizon is
noteworthy, and its addition must come as no surprise. With droves of new businesses being
incubated, by the month, rapidly scaling up and hiring in the hundreds, this sector is adding rocket
fuel to consumer-spending as well as to talent / labour market growth.
Add to all this, the direct beneficiary of the UN’s growth forecast – the already upwardly-mobile
Infrastructure sector – and we have a good looking sectoral outlook. The cities have a predictable
line up although Delhi is a sore exception, with Infrastructure being the lone high-growth sector that
is unable to offset the lack of active participation from most other sectors.
.
9
SECTOR-WISE ANALYSIS
INFORMATION TECHNOLOGY& KNOWLEDGE SERVICES
Increase Decrease No Change Net Employment Outlook
Apr – Sep, 2015 96 3 1 93
Oct – Mar, 2016 97 1 2 96
Job Growth: 13.7% (previous HY: 12.2%)
The sector is driven by the fast-recovering American economy and a slew of entrepreneurial activity on
the back of technological innovation in the software-product ecosystem. New software-product
businesses are emerging and scaling up rapidly, while a host of existing IT companies are focusing on
and catering to product companies, primarily, in the U.S.
The Knowledge Services sector is dominated by the buzz around the SMAC stack – Social-Mobile-
Analytics-Cloud ecosystem, and technologies such as Big Data and Predictive Analytics are seeing a
relentless demand for high-caliber talent.
FAST MOVING CONSUMER GOODS
Increase Decrease No Change Net Employment Outlook
Apr – Sep, 2015 83 9 8 74
Oct – Mar, 2016 85 10 5 75
Job Growth: 10.8% (previous HY: 10.27%)
Consumer maturity is the long term trend on the back of which the Fast Moving Consumer Goods
sector has been witnessing healthy growth over the past couple of years. With consumers loosening
purse strings more than ever before, and with the enabling Retail sector growing in spurts, the FMCG
sector has been on an upswing.
The forthcoming half-year, however, is a small dampener for the sector. Retail / Ecommerce is stealing
substantial growth off the consumer spend trend and the discretionary rupee is split across proliferating
consumption categories, many of which fall under lifestyle retail. The one savior for the FMCG sector is
rural spending which, again, has been on an uptick over the past half a decade.
FINANCIAL SERVICES
Increase Decrease No Change Net Employment Outlook
Apr – Sep, 2015 91 6 3 85
Oct – Mar, 2016 90 8 2 82
Job Growth: 8.5% (previous HY: 8.2%)
10
With the Achilles heel of corporate debt being a significant bother, and the interest rates not entirely in a
favourable range, the Financial Services sector does not seem to be in the best of its hiring spirits. The
coming half-year, however, is the period during which fiscal policy is likely to be shaped and the annual
budget announcement would address concerns surrounding interest rates.
Add to this, the sector is a heavy spender on technology. The modest outlook, somewhat, camouflages
a healthy intake of technological talent aimed at fostering innovations in areas such as payments –
where a slew of startups are ushering in what Mr. Nandan Nilekani calls a ‘whatsapp-like’ revolution.
This space is, therefore, a bright spark for the Financial Services sector.
INFRASTRUCTURE
Increase Decrease No Change Net Employment Outlook
Apr – Sep, 2015 92 6 2 86
Oct – Mar, 2016 94 5 1 89
Job Growth: 10.6% (previous HY: 9.33%)
The Infrastructure sector is likely to add annual employment of almost 17 million by 2025, up from the
current level of about 7 million. Economic growth forecasts – and the reinforcements from a surge in
foreign fund flows – are key drivers behind an ebullient hiring outlook for the sector, besides the
government accelerating several infrastructural projects that were either on the backburner or were
seeing a slow burn.
The ‘Make in India’ initiative, although aimed at Manufacturing & Engineering, has rather direct fallout
for the Infrastructure sector as well. Investments in defense equipment, railways and construction are
already on an upward trajectory and are likely to further the pace of hiring in the sector.
RETAIL
Increase Decrease No Change Net Employment Outlook
Apr – Sep, 2015 95 2 3 93
Oct – Mar, 2016 96 1 3 95
Job Growth: 13.4% (previous HY: 12.11%)
Product and brand proliferation in the consumer market have enormously benefited the retail sector,
and the mature Indian consumer – across cities and towns – is increasingly preferring organized
environs to shop in. There is a worrying downside to the hiring sentiment Retail displays, however.
Alarming levels of attrition, and the exorbitant training cost, of front-end store staff is a major attribute
influencing the hiring sentiment.
The intense competition from ecommerce businesses is the other key factor necessitating large volume
hiring – which good news is. As retailers strive to protect their turf from the onslaught of the newbies,
they are investing in acquiring the right talent – in addition to the right technologies. This protracted
battle, likely to prolong for the foreseeable future, bodes well for the Indian talent / labour market.
11
MANUFACTURING & ENGINEERING
Increase Decrease No Change Net Employment Outlook
Apr – Sep, 2015 74 6 20 68
Oct – Mar, 2016 73 3 24 70
Job Growth: 8.33% (previous HY: 7.2%)
The direct, intended, beneficiary of the ‘Make in India’ initiative is witnessing a lag effect of the Prime
Minister’s ardent push for the sector. While investments are trickling in, a major push to the
Infrastructure sector is seen to be a prerequisite for the Manufacturing & Engineering sector to start
thriving and for the talent / labour market to benefit.
On the other hand, capacity creation in sectors such as Infrastructure, Oil & Gas, Power, Mining,
Automobiles, Auto components, Steel, Refinery, and the like, is driving growth of the engineering
industry. As foreign investment inflows accelerate, and as the primary sector picks up pace, the
Manufacturing & Engineering sector is set to see substantial traction.
TELECOMMUNICATION
Increase Decrease No Change Net Employment Outlook
Apr – Sep, 2015 89 7 4 82
Oct – Mar, 2016 89 9 2 80
Job Growth: 9.2% (previous HY: 9.73%)
With mobile subscriber volumes racing toward a billion and internet – specifically, mobile-internet
cornering a third of this volume – penetration levels growing at 17% over the first 6 months of this fiscal,
the Telecommunication sector has been on a roll. The Net Neutrality, and call drops, debates
notwithstanding, the sector is witnessing enormous user - and revenue - growth. All this is, however,
not exactly translating into as healthy an addition to the workforce as it actually warrants.
The sector is in consolidation mode, and a lack of requisite investments – thanks perhaps, to the
burdening license fee – and intense competition are a spoke in the sector’s wheel. The industry is, in
fact, likely to ever so slightly reduce the quantum of hiring over the next 6 months.
HEALTHCARE & PHARMACEUTICALS
Increase Decrease No Change Net Employment Outlook
Apr – Sep, 2015 87 2 11 85
Oct – Mar, 2016 88 0 12 88
Job Growth: 12.6% (previous HY: 10.95%)
12
Modern healthcare and Research are the two areas of robust growth that primarily contribute to talent
acquisition in the Healthcare and Pharmaceuticals sector. Companies in the sector – and a good
proportion of these are global entrants – are seen to be making investments in domains such as
Genomics, Proteonomics and Epigenetics, besides Electronic Medical Records.
Growing urbanization has meant that metro and tier-I towns will continue to be significant drivers of
growth. The consumer maturity factor, however, is a big boost to healthcare facilities not just in cities,
but increasingly in smaller towns as well. The perennially short-on-talent sector is doubling down on
both the quantity and quality of hiring over the next 6 months.
ECOMMERCE & TECH STARTUPS
Increase Decrease No Change Net Employment Outlook
Oct – Mar, 2016 92 8 - 84
Job Growth: 22% (previous HY: N.A.)
The pinnacle of consumer maturity – and the sector most benefitting from the phenomenon – is
evidenced by the trailblazing growth of the ecommerce sector. The sector is single handedly standing
the retail industry business model on its head, and driving adoption to app- and mobile-based shopping
in a big way. Venture funding, and SiliconValley inspired innovation, are fueling the frenzy and all this is
resulting in two major areas of talent acquisition – technology and logistics.
This, two-dimensional, growth of talent requirements in the Ecommerce & Tech startups sector is
seemingly insatiable. While the baseline talent demand is itself substantial, seasonal spikes in talent
demand – especially for logistics profiles – is seen to be bordering on the unmanageable. A sector
marked by turbulence – thanks to rapid innovation, fast changing consumer preferences and hyper
competition – is turning to all avenues to hire software developers and delivery personnel, in addition to
high quality managerial talent.
13
CITY-WISE OUTLOOK STATISTICS
MUMBAI
Increase Decrease No Change Net Employment Outlook
Apr – Sep, 2015 81 9 10 72
Oct – Mar, 2016 82 7 11 75
Job Growth: 16.5% (previous HY: 15.37%)
With job growth and outlook statistics second only to Bangalore, Mumbai keeps up its standing as a
significant contributor to employment. The outlook for the city is looking up because of a healthy growth
in the sentiments of multiple sectors that include Financial Services, Infrastructure,
Telecommunications and Healthcare & Pharmaceuticals.
DELHI
Increase Decrease No Change Net Employment Outlook
Apr – Sep, 2015 82 12 6 70
Oct – Mar, 2016 82 14 4 68
Job Growth: 14.6% (previous HY: 15.17%)
The incremental decrease in employment outlook for Delhi reflects the rather somber business climate
in the city. Infrastructure is the lone saving grace for Delhi. Its marginal slide on the outlook is due to the
incremental – single percentage point – drops across outlook for most sectors.
BANGALORE
Increase Decrease No Change Net Employment Outlook
Apr – Sep, 2015 93 5 2 88
Oct – Mar, 2016 96 3 1 93
Job Growth: 17.3% (previous HY: 15.62%)
The IT bellwether rides the waves of technological innovation and ecommerce to substantially up the
employment outlook for the forthcoming half-year. While IT is the prime mover of this uptrend the
sentiment is shared across sectors in Bangalore. With a stupendous 96% of respondents looking to
ramp up hiring, the sentiment in the city is ahead of all others by far.
KOLKATA
Increase Decrease No Change Net Employment Outlook
14
Apr – Sep, 2015 62 6 32 56
Oct – Mar, 2016 70 11 19 59
Job Growth: 9.6% (previous HY: 8.74%)
A significant increase in the number of respondents that wish to up hiring, over the forthcoming half-
year, is matched by an increase in the numbers that wish to reduce. Kolkata retains its rather poor
employment outlook with a net statistic that looks only slightly better than from the previous forecast.
CHENNAI
Increase Decrease No Change Net Employment Outlook
Apr – Sep, 2015 83 13 4 70
Oct – Mar, 2016 80 8 12 72
Job Growth: 11.4% (previous HY: 11.18%)
Chennai witnesses a less-than-significant improvement in Employment Outlook. A substantial number
of respondents not changing the pace of hiring for the forthcoming half-year, compared with the
previous adds to a small reduction in the numbers that are looking to increase hiring.
PUNE
Increase Decrease No Change Net Employment Outlook
Apr – Sep, 2015 85 7 8 78
Oct – Mar, 2016 88 6 6 82
Job Growth: 14.3% (previous HY: 13.19%)
With an impressive shift in sentiments across the three categories of respondents the employment
outlook improves significantly for Pune. More respondents looking to increase and lesser numbers
looking to reduce or not change hiring trends works well for the city.
HYDERABAD
Increase Decrease No Change Net Employment Outlook
Apr – Sep, 2015 74 14 12 60
Oct – Mar, 2016 73 10 17 63
Job Growth: 11.2%% (previous HY: 10.52%)
Hyderabad ups outlook, primarily, due to a sharp reduction in the number of respondents that wish to
reduce hiring. With a good number also not looking at changing the volume of hiring the net outlook
number looks much smaller than for most other cities.
15
AHMEDABAD
Increase Decrease No Change Net Employment Outlook
Apr – Sep, 2015 80 8 12 72
Oct – Mar, 2016 86 12 2 74
Job Growth: 11.9% (previous HY: 11.76%)
An impressive improvement in the number of respondents that intend to up hiring this forthcoming half-
year is nearly offset by the numbers that spell the contrary. The net result is a marginal increase in the
outlook for Ahmedabad.
16
RESEARCH METHODOLOGY
.APPROACH
• Business environment, influencers: Secondary research / literature review
• Industry and Job trends, Sentiment and # Jobs, Salaries and Skills: Quantitative research [email
/ tele-surveys]
• Attrition, root causes and talent retention: Depth surveys
SAMPLE DESIGN
Employers Mumbai Delhi Bangalore Kolkata Chennai Pune Hyderabad Ahmedabad Total
IT & KS 10 9 9 8 10 9 10 9 74
ECOM 7 5 10 - 4 6 4 2 38
FMCG 10 9 8 9 9 8 10 10 73
BFSI 9 10 10 9 8 9 9 8 72
RET 8 9 8 9 8 8 9 10 69
INF 10 10 9 8 10 9 10 9 75
M&E 10 8 9 10 9 8 8 8 70
TEL 8 9 10 9 8 8 9 9 70
H&P 11 9 10 8 9 9 9 10 75
Total 83 78 83 70 75 74 78 75 616
Business
Size
Small
[Up to 249 employees]
Medium
[250 – 999 employees]
Large
[1,000 + employees]
Total
Mumbai 12 52 19 83
Delhi 9 56 13 78
Bangalore 11 57 15 83
Kolkata 18 42 10 70
Chennai 14 46 15 75
Pune 12 50 12 74
Hyderabad 13 52 13 78
Ahmedabad 14 52 9 75
Total 103 407 106 616
Candidates
Mumbai 18
Delhi 14
Bangalore 19
Kolkata 15
Chennai 19
Pune 20
Hyderabad 14
Ahmedabad 21
Totals 140
17
ANNEXURE-1
The big picture: what factors drive employment outlook
A hope-filled future marks the hiring sentiment for the forthcoming half year. With most sectors and
cities, sans Financial Services, Telecommunications and Delhi, looking to increase hiring the causal
factors – macroeconomic and otherwise – are aligned right for talent demand.
1. Economic growth forecast at 8.1%:
The United Nations reports that the Indian economy is set to lead the way in Asia with a stupendous
8.1% growth rate in 2015 and follow it up with an 8.2% in 2016. The growth is expected to come on
the back of acceleration of infrastructure projects, improved consumer spending, lower inflation and
monetary easing besides a general improvement in market sentiment.
2. Consumer maturity moves to the next level:
Mobile-internet is proving to transform the consumer attitude and preference way more than
organized retail did, and in way shorter a time frame. With consumer spending finding its way
through the labyrinths of a multitude of apps, finger tips in cities and towns big and small are
rejoicing – with the direct fallout of tech startups mushrooming and craving talent.
3. Tech talent lured by ecommerce and product companies :
Top Indian engineering campuses are abuzz with magnanimous offers from startups, multinational
companies and homegrown technology giants. These early movers have, of late, being joined by
organized retailers that are upgrading their technological capabilities as well.
4. Infrastructure projects pace likely to come of age:
The Government is pushing through and accelerating infrastructural projects, an action meant to be
a booster dose to the ‘Make in India’ initiative. The ripple effects of this push are believed to likely
result in an uptick in the growth rate of the Manufacturing & Engineering sector.
The concerns surrounding capital formation and corporate debt, which the previous edition of the
Employment Outlook had brought up in this section, still remain. But industry is looking to a two-
pronged approach to market growth – consumer spending and government will.
18
ANNEXURE-2
THE SALARY SCENE: WHAT EMPLOYERS WILLPAY
# City Sector Job Profile Salary (Rs. per month)
1 Mumbai IT Project Manager 51,000
2 RET Sales Promoter 20,000
3 BFSI Insurance Sales Representative 21,000
4 Delhi INF Supervisor 23,000
5 TEL Customer Service Representative 16,000
6 FMCG Back Office Controller 14,000
7 Bangalore BFSI Business Analyst 34,000
8 IT Software Engineer 47,000
9 H&P Lab Associate 18,000
10 Kolkata M&E Operations Assistant 17,000
11 HOSP Resort Assistant 18,000
12 M&E Recruitment Executive 18,000
13 Chennai M&E Marketing Executive 20,000
14 RET Packer Boy 10,000
15 IT System Administrator 35,000
16 Pune FMCG Loader and Picker 10,000
17 INF Survey Executive 22,000
18 M&E Technician 20,000
19 Hyderabad IT Network Engineer 36,000
20 ECOM Ecommerce Executive 14,000
21 ITES Purchase Manager 39,000
22 Ahmedabad ECOM Digital Marketing Manager 36,000
23 INF Site Engineer 27,000
24 M&E Projectionist 17,000
Job Profiles Sampling Criteria: Profiles have been selected for the sheer number of jobs they
represent, and the representative salary they carry, in the respective city-sector clusters.
19
ANNEXURE-3
BUSINESS OUTLOOK
Increase Decrease No Change Net Employment
Outlook
Apr – Sep, 2013 81 7 12 74
Oct – Mar, 2014 82 5 13 77
Apr – Sep, 2014 87 5 8 82
Oct – Mar, 2015 94 3 3 91
Apr – Sep, 2015 94 4 2 90
Oct – Mar, 2016 95 3 2 92
20
ANNEXURE-4
CITY-SECTOR SWEET SPOTS
EMPLOYMENT OUTLOOK
Positive growth (>3) in hiring sentiment.
Negative growth (< -3) in hiring sentiment.
Mumbai stars in a multiple-sector high-performance role, with as many as 4 sectors (Fast Moving
Consumer Goods, Infrastructure, Telecommunication and Healthcare & Pharmaceuticals) showcasing
%respondents
21
appreciable improvement in hiring sentiment. Pune also does well and is the lone cheerer of the
Financial Services sector, in addition to having an ebullient sentiment from the Infrastructure and
Healthcare & Pharmaceuticals sectors. The mostly positive sentiment upshots across city-sector
clusters are an evidence of a healthy hiring ground for the forthcoming half year.
22
ANNEXURE-5
FUNCTIONAL AREA-SECTOR
SWEET SPOTS
All of the functional areas sans Sales and Marketing, and all sectors sans Financial Services and
Telecommunications seem to be sharing a generally positive sentiment. The clusters with significant
positivity are generally spread across functional areas, with Blue Collar dominating the scene.
23
Technology and Analytics Partner:
http://valuvox.com
http://facebook.com/valuvox
http://twitter.com/valuvox

More Related Content

What's hot

Ease of doing business in Telangana and Arunachal Pradesh
Ease of doing business in Telangana and Arunachal PradeshEase of doing business in Telangana and Arunachal Pradesh
Ease of doing business in Telangana and Arunachal PradeshSonakshi Gupta
 
Employment salary
Employment salaryEmployment salary
Employment salarySugantha T
 
Ease of doing business in Telangana & Arunachal Pradesh
Ease of doing business in Telangana & Arunachal PradeshEase of doing business in Telangana & Arunachal Pradesh
Ease of doing business in Telangana & Arunachal PradeshShreyaGupta346
 
Hiring Activity Report - iimjobs and hirist : BFSI - April'19-June'19 : Seco...
Hiring Activity Report - iimjobs and hirist  : BFSI - April'19-June'19 : Seco...Hiring Activity Report - iimjobs and hirist  : BFSI - April'19-June'19 : Seco...
Hiring Activity Report - iimjobs and hirist : BFSI - April'19-June'19 : Seco...iimjobs and hirist
 
ANALYTICALAPPROCH ON ANNUAL SURVEY OF INDUSTRIAL DATA OF NCT OF DELHI DURING ...
ANALYTICALAPPROCH ON ANNUAL SURVEY OF INDUSTRIAL DATA OF NCT OF DELHI DURING ...ANALYTICALAPPROCH ON ANNUAL SURVEY OF INDUSTRIAL DATA OF NCT OF DELHI DURING ...
ANALYTICALAPPROCH ON ANNUAL SURVEY OF INDUSTRIAL DATA OF NCT OF DELHI DURING ...Sarvesh Kumar
 
“Job satisfaction or value characteristics: Which one get more preference to ...
“Job satisfaction or value characteristics: Which one get more preference to ...“Job satisfaction or value characteristics: Which one get more preference to ...
“Job satisfaction or value characteristics: Which one get more preference to ...Feroza Khatun
 
2015 MRIC Talent Report
2015 MRIC Talent Report2015 MRIC Talent Report
2015 MRIC Talent ReportJK Chan
 
Robert Half 2019 Salary Guide Singapore
Robert Half 2019 Salary Guide SingaporeRobert Half 2019 Salary Guide Singapore
Robert Half 2019 Salary Guide SingaporeGerald Teoh
 
Procurement - Salary Survey Presentation
Procurement - Salary Survey PresentationProcurement - Salary Survey Presentation
Procurement - Salary Survey PresentationBilal Solwa
 
Jobspeak report-june-2014
Jobspeak report-june-2014Jobspeak report-june-2014
Jobspeak report-june-2014NIIT
 
Punjab competing for future
Punjab competing for futurePunjab competing for future
Punjab competing for futurePunjab Infotech
 
DCR Trendline September 2013 – Contingent Worker Forecast and Supply Report
DCR Trendline September 2013 – Contingent Worker Forecast and Supply ReportDCR Trendline September 2013 – Contingent Worker Forecast and Supply Report
DCR Trendline September 2013 – Contingent Worker Forecast and Supply Reportss
 
Rmg recruitment insider survey summary 2015 q2
Rmg recruitment insider survey summary 2015 q2Rmg recruitment insider survey summary 2015 q2
Rmg recruitment insider survey summary 2015 q2Serena Guo
 

What's hot (19)

Ease of doing business in Telangana and Arunachal Pradesh
Ease of doing business in Telangana and Arunachal PradeshEase of doing business in Telangana and Arunachal Pradesh
Ease of doing business in Telangana and Arunachal Pradesh
 
Employment salary
Employment salaryEmployment salary
Employment salary
 
Ease of doing business in Telangana & Arunachal Pradesh
Ease of doing business in Telangana & Arunachal PradeshEase of doing business in Telangana & Arunachal Pradesh
Ease of doing business in Telangana & Arunachal Pradesh
 
Jo3516521658
Jo3516521658Jo3516521658
Jo3516521658
 
Hiring Activity Report - iimjobs and hirist : BFSI - April'19-June'19 : Seco...
Hiring Activity Report - iimjobs and hirist  : BFSI - April'19-June'19 : Seco...Hiring Activity Report - iimjobs and hirist  : BFSI - April'19-June'19 : Seco...
Hiring Activity Report - iimjobs and hirist : BFSI - April'19-June'19 : Seco...
 
Shilpi
ShilpiShilpi
Shilpi
 
ANALYTICALAPPROCH ON ANNUAL SURVEY OF INDUSTRIAL DATA OF NCT OF DELHI DURING ...
ANALYTICALAPPROCH ON ANNUAL SURVEY OF INDUSTRIAL DATA OF NCT OF DELHI DURING ...ANALYTICALAPPROCH ON ANNUAL SURVEY OF INDUSTRIAL DATA OF NCT OF DELHI DURING ...
ANALYTICALAPPROCH ON ANNUAL SURVEY OF INDUSTRIAL DATA OF NCT OF DELHI DURING ...
 
“Job satisfaction or value characteristics: Which one get more preference to ...
“Job satisfaction or value characteristics: Which one get more preference to ...“Job satisfaction or value characteristics: Which one get more preference to ...
“Job satisfaction or value characteristics: Which one get more preference to ...
 
2015 MRIC Talent Report
2015 MRIC Talent Report2015 MRIC Talent Report
2015 MRIC Talent Report
 
Project on hr economics
Project on hr economicsProject on hr economics
Project on hr economics
 
Robert Half 2019 Salary Guide Singapore
Robert Half 2019 Salary Guide SingaporeRobert Half 2019 Salary Guide Singapore
Robert Half 2019 Salary Guide Singapore
 
TCS_CompanyAnalysis
TCS_CompanyAnalysisTCS_CompanyAnalysis
TCS_CompanyAnalysis
 
Procurement - Salary Survey Presentation
Procurement - Salary Survey PresentationProcurement - Salary Survey Presentation
Procurement - Salary Survey Presentation
 
Jobspeak report-june-2014
Jobspeak report-june-2014Jobspeak report-june-2014
Jobspeak report-june-2014
 
Punjab competing for future
Punjab competing for futurePunjab competing for future
Punjab competing for future
 
Salary Guide Malaysia
Salary Guide MalaysiaSalary Guide Malaysia
Salary Guide Malaysia
 
DCR Trendline September 2013 – Contingent Worker Forecast and Supply Report
DCR Trendline September 2013 – Contingent Worker Forecast and Supply ReportDCR Trendline September 2013 – Contingent Worker Forecast and Supply Report
DCR Trendline September 2013 – Contingent Worker Forecast and Supply Report
 
Rmg recruitment insider survey summary 2015 q2
Rmg recruitment insider survey summary 2015 q2Rmg recruitment insider survey summary 2015 q2
Rmg recruitment insider survey summary 2015 q2
 
The Salary Analysis in Asia by JAC Recruitment Group 2017年版
The Salary Analysis in Asia by JAC Recruitment Group 2017年版The Salary Analysis in Asia by JAC Recruitment Group 2017年版
The Salary Analysis in Asia by JAC Recruitment Group 2017年版
 

Viewers also liked

Salud ocupacional
Salud ocupacionalSalud ocupacional
Salud ocupacionalsalomones79
 
Holioi
HolioiHolioi
Holioidiego
 
Apresentação eco help
Apresentação eco helpApresentação eco help
Apresentação eco helpinespimpao
 
White Paper Organizational Design
White Paper Organizational DesignWhite Paper Organizational Design
White Paper Organizational DesignPablo Borrero
 
Helical machining guidebook
Helical machining guidebookHelical machining guidebook
Helical machining guidebookDave Davidson
 
Presentation #2.6 – «Drilling tool Bogomolov»
Presentation #2.6 – «Drilling tool Bogomolov»Presentation #2.6 – «Drilling tool Bogomolov»
Presentation #2.6 – «Drilling tool Bogomolov»Igor Golovin
 
Técnicas para el entrenamiento de la orientación espacial, temporal y personal
Técnicas para el entrenamiento de la orientación espacial, temporal y personalTécnicas para el entrenamiento de la orientación espacial, temporal y personal
Técnicas para el entrenamiento de la orientación espacial, temporal y personalCarac Consultores
 

Viewers also liked (15)

Salud ocupacional
Salud ocupacionalSalud ocupacional
Salud ocupacional
 
Practica 1 excel
Practica 1 excelPractica 1 excel
Practica 1 excel
 
HDCCO
HDCCOHDCCO
HDCCO
 
Taxi Airport Gdansk, Poland
Taxi Airport Gdansk, PolandTaxi Airport Gdansk, Poland
Taxi Airport Gdansk, Poland
 
Holioi
HolioiHolioi
Holioi
 
Jose segura
Jose seguraJose segura
Jose segura
 
Apresentação eco help
Apresentação eco helpApresentação eco help
Apresentação eco help
 
презентация
презентацияпрезентация
презентация
 
White Paper Organizational Design
White Paper Organizational DesignWhite Paper Organizational Design
White Paper Organizational Design
 
Het leven van een scepticus
Het leven van een scepticusHet leven van een scepticus
Het leven van een scepticus
 
Helical machining guidebook
Helical machining guidebookHelical machining guidebook
Helical machining guidebook
 
Principio de peter
Principio de peterPrincipio de peter
Principio de peter
 
Presentation #2.6 – «Drilling tool Bogomolov»
Presentation #2.6 – «Drilling tool Bogomolov»Presentation #2.6 – «Drilling tool Bogomolov»
Presentation #2.6 – «Drilling tool Bogomolov»
 
Técnicas para el entrenamiento de la orientación espacial, temporal y personal
Técnicas para el entrenamiento de la orientación espacial, temporal y personalTécnicas para el entrenamiento de la orientación espacial, temporal y personal
Técnicas para el entrenamiento de la orientación espacial, temporal y personal
 
Whole blood, serum & plasma collections
Whole blood, serum & plasma collectionsWhole blood, serum & plasma collections
Whole blood, serum & plasma collections
 

Similar to The TeamLease Employment Outlook Report - Oct-Mar, 2015-16

TeamLease Employment Outlook Survey - Report Preview
TeamLease Employment Outlook Survey - Report PreviewTeamLease Employment Outlook Survey - Report Preview
TeamLease Employment Outlook Survey - Report Previewvaluvox
 
The TeamLease Employment Outlook Report: July-September 2011
The TeamLease Employment Outlook Report: July-September 2011The TeamLease Employment Outlook Report: July-September 2011
The TeamLease Employment Outlook Report: July-September 2011valuvox
 
TeamLease Employment Outlook Report: Jul - Sep 2010
TeamLease Employment Outlook Report: Jul - Sep 2010TeamLease Employment Outlook Report: Jul - Sep 2010
TeamLease Employment Outlook Report: Jul - Sep 2010valuvox
 
TeamLease Employment Outlook Survey - Oct-Dec, 2010
TeamLease Employment Outlook Survey - Oct-Dec, 2010TeamLease Employment Outlook Survey - Oct-Dec, 2010
TeamLease Employment Outlook Survey - Oct-Dec, 2010valuvox
 
The TeamLease Employment Outlook Report: Quarter-3, 2011-12
The TeamLease Employment Outlook Report: Quarter-3, 2011-12The TeamLease Employment Outlook Report: Quarter-3, 2011-12
The TeamLease Employment Outlook Report: Quarter-3, 2011-12valuvox
 
Manpower Employment Outlook Survey Press Release_Quarter 3 _India
Manpower Employment Outlook Survey Press Release_Quarter 3 _IndiaManpower Employment Outlook Survey Press Release_Quarter 3 _India
Manpower Employment Outlook Survey Press Release_Quarter 3 _IndiaNidhi Gupta
 
Introducing the Professional Service Maturity Model
Introducing the Professional Service Maturity ModelIntroducing the Professional Service Maturity Model
Introducing the Professional Service Maturity ModelJeanne Urich
 
The TeamLease Industry Salary Primer - 2013
The TeamLease Industry Salary Primer - 2013The TeamLease Industry Salary Primer - 2013
The TeamLease Industry Salary Primer - 2013valuvox
 
IN-salary-guide-2015
IN-salary-guide-2015IN-salary-guide-2015
IN-salary-guide-2015Abhisek Gupta
 
KELLY INDIA Salary Guide 2015
KELLY INDIA Salary Guide 2015KELLY INDIA Salary Guide 2015
KELLY INDIA Salary Guide 2015Faiz Nomani
 
Mercer Capital's Value Focus: Professional Services Industry | Mid-Year 2014
Mercer Capital's Value Focus: Professional Services Industry | Mid-Year 2014Mercer Capital's Value Focus: Professional Services Industry | Mid-Year 2014
Mercer Capital's Value Focus: Professional Services Industry | Mid-Year 2014Mercer Capital
 
Analytics India Salary Study 2018 - by AIM & Great Learning
Analytics India Salary Study 2018 - by AIM & Great LearningAnalytics India Salary Study 2018 - by AIM & Great Learning
Analytics India Salary Study 2018 - by AIM & Great LearningAnalytics India Magazine
 
AgencyFood_Q3
AgencyFood_Q3AgencyFood_Q3
AgencyFood_Q3Tom Hirst
 
Agency Food - Quarter 3 2015
Agency Food - Quarter 3 2015Agency Food - Quarter 3 2015
Agency Food - Quarter 3 2015The Agency Works
 
2015_16_IN_Salary_Employment_Outlook_Report
2015_16_IN_Salary_Employment_Outlook_Report2015_16_IN_Salary_Employment_Outlook_Report
2015_16_IN_Salary_Employment_Outlook_ReportJiten Rathore
 
Q2 bms construction sales index
Q2 bms construction sales indexQ2 bms construction sales index
Q2 bms construction sales indexBMSRecruitment
 

Similar to The TeamLease Employment Outlook Report - Oct-Mar, 2015-16 (20)

TeamLease Employment Outlook Survey - Report Preview
TeamLease Employment Outlook Survey - Report PreviewTeamLease Employment Outlook Survey - Report Preview
TeamLease Employment Outlook Survey - Report Preview
 
The TeamLease Employment Outlook Report: July-September 2011
The TeamLease Employment Outlook Report: July-September 2011The TeamLease Employment Outlook Report: July-September 2011
The TeamLease Employment Outlook Report: July-September 2011
 
TeamLease Employment Outlook Report: Jul - Sep 2010
TeamLease Employment Outlook Report: Jul - Sep 2010TeamLease Employment Outlook Report: Jul - Sep 2010
TeamLease Employment Outlook Report: Jul - Sep 2010
 
TeamLease Employment Outlook Survey - Oct-Dec, 2010
TeamLease Employment Outlook Survey - Oct-Dec, 2010TeamLease Employment Outlook Survey - Oct-Dec, 2010
TeamLease Employment Outlook Survey - Oct-Dec, 2010
 
The TeamLease Employment Outlook Report: Quarter-3, 2011-12
The TeamLease Employment Outlook Report: Quarter-3, 2011-12The TeamLease Employment Outlook Report: Quarter-3, 2011-12
The TeamLease Employment Outlook Report: Quarter-3, 2011-12
 
Manpower Employment Outlook Survey Press Release_Quarter 3 _India
Manpower Employment Outlook Survey Press Release_Quarter 3 _IndiaManpower Employment Outlook Survey Press Release_Quarter 3 _India
Manpower Employment Outlook Survey Press Release_Quarter 3 _India
 
Introducing the Professional Service Maturity Model
Introducing the Professional Service Maturity ModelIntroducing the Professional Service Maturity Model
Introducing the Professional Service Maturity Model
 
IN-salary-guide-2015
IN-salary-guide-2015IN-salary-guide-2015
IN-salary-guide-2015
 
The TeamLease Industry Salary Primer - 2013
The TeamLease Industry Salary Primer - 2013The TeamLease Industry Salary Primer - 2013
The TeamLease Industry Salary Primer - 2013
 
IN-salary-guide-2015
IN-salary-guide-2015IN-salary-guide-2015
IN-salary-guide-2015
 
KELLY INDIA Salary Guide 2015
KELLY INDIA Salary Guide 2015KELLY INDIA Salary Guide 2015
KELLY INDIA Salary Guide 2015
 
EFHK_p16-19
EFHK_p16-19EFHK_p16-19
EFHK_p16-19
 
Mercer Capital's Value Focus: Professional Services Industry | Mid-Year 2014
Mercer Capital's Value Focus: Professional Services Industry | Mid-Year 2014Mercer Capital's Value Focus: Professional Services Industry | Mid-Year 2014
Mercer Capital's Value Focus: Professional Services Industry | Mid-Year 2014
 
index_result_eng11
index_result_eng11index_result_eng11
index_result_eng11
 
Analytics India Salary Study 2018 - by AIM & Great Learning
Analytics India Salary Study 2018 - by AIM & Great LearningAnalytics India Salary Study 2018 - by AIM & Great Learning
Analytics India Salary Study 2018 - by AIM & Great Learning
 
AgencyFood_Q3
AgencyFood_Q3AgencyFood_Q3
AgencyFood_Q3
 
AgencyFood_Q3
AgencyFood_Q3AgencyFood_Q3
AgencyFood_Q3
 
Agency Food - Quarter 3 2015
Agency Food - Quarter 3 2015Agency Food - Quarter 3 2015
Agency Food - Quarter 3 2015
 
2015_16_IN_Salary_Employment_Outlook_Report
2015_16_IN_Salary_Employment_Outlook_Report2015_16_IN_Salary_Employment_Outlook_Report
2015_16_IN_Salary_Employment_Outlook_Report
 
Q2 bms construction sales index
Q2 bms construction sales indexQ2 bms construction sales index
Q2 bms construction sales index
 

More from valuvox

FinTech: Voice of Indian MSMEs
FinTech: Voice of Indian MSMEsFinTech: Voice of Indian MSMEs
FinTech: Voice of Indian MSMEsvaluvox
 
The new landscape of Hiring
The new landscape of HiringThe new landscape of Hiring
The new landscape of Hiringvaluvox
 
Labour laws: Sector-wise Ecosystem
Labour laws: Sector-wise EcosystemLabour laws: Sector-wise Ecosystem
Labour laws: Sector-wise Ecosystemvaluvox
 
The TeamLease Jobs and Salaries Primer
The TeamLease Jobs and Salaries PrimerThe TeamLease Jobs and Salaries Primer
The TeamLease Jobs and Salaries Primervaluvox
 
GST - Impact on Job Creation [2016 version]
GST - Impact on Job Creation [2016 version]GST - Impact on Job Creation [2016 version]
GST - Impact on Job Creation [2016 version]valuvox
 
Signaling value of Skills Education and Hands-on Jobs
Signaling value of Skills Education and Hands-on JobsSignaling value of Skills Education and Hands-on Jobs
Signaling value of Skills Education and Hands-on Jobsvaluvox
 
Gender Diversity in India
Gender Diversity in IndiaGender Diversity in India
Gender Diversity in Indiavaluvox
 
The India Employability Index: Curtainraiser
The India Employability Index: CurtainraiserThe India Employability Index: Curtainraiser
The India Employability Index: Curtainraiservaluvox
 
Sneak Peek: The India Labor Market Report: a 5-year Special
Sneak Peek: The India Labor Market Report: a 5-year SpecialSneak Peek: The India Labor Market Report: a 5-year Special
Sneak Peek: The India Labor Market Report: a 5-year Specialvaluvox
 
TeamLease Salary Primer: 2010
TeamLease Salary Primer: 2010TeamLease Salary Primer: 2010
TeamLease Salary Primer: 2010valuvox
 
Performance management v1.3
Performance management v1.3Performance management v1.3
Performance management v1.3valuvox
 
Rewards program led business growth
Rewards program led business growthRewards program led business growth
Rewards program led business growthvaluvox
 
Case pulse cfm_061009
Case pulse cfm_061009Case pulse cfm_061009
Case pulse cfm_061009valuvox
 
Sales program evaluation and modeling
Sales program evaluation and modelingSales program evaluation and modeling
Sales program evaluation and modelingvaluvox
 

More from valuvox (14)

FinTech: Voice of Indian MSMEs
FinTech: Voice of Indian MSMEsFinTech: Voice of Indian MSMEs
FinTech: Voice of Indian MSMEs
 
The new landscape of Hiring
The new landscape of HiringThe new landscape of Hiring
The new landscape of Hiring
 
Labour laws: Sector-wise Ecosystem
Labour laws: Sector-wise EcosystemLabour laws: Sector-wise Ecosystem
Labour laws: Sector-wise Ecosystem
 
The TeamLease Jobs and Salaries Primer
The TeamLease Jobs and Salaries PrimerThe TeamLease Jobs and Salaries Primer
The TeamLease Jobs and Salaries Primer
 
GST - Impact on Job Creation [2016 version]
GST - Impact on Job Creation [2016 version]GST - Impact on Job Creation [2016 version]
GST - Impact on Job Creation [2016 version]
 
Signaling value of Skills Education and Hands-on Jobs
Signaling value of Skills Education and Hands-on JobsSignaling value of Skills Education and Hands-on Jobs
Signaling value of Skills Education and Hands-on Jobs
 
Gender Diversity in India
Gender Diversity in IndiaGender Diversity in India
Gender Diversity in India
 
The India Employability Index: Curtainraiser
The India Employability Index: CurtainraiserThe India Employability Index: Curtainraiser
The India Employability Index: Curtainraiser
 
Sneak Peek: The India Labor Market Report: a 5-year Special
Sneak Peek: The India Labor Market Report: a 5-year SpecialSneak Peek: The India Labor Market Report: a 5-year Special
Sneak Peek: The India Labor Market Report: a 5-year Special
 
TeamLease Salary Primer: 2010
TeamLease Salary Primer: 2010TeamLease Salary Primer: 2010
TeamLease Salary Primer: 2010
 
Performance management v1.3
Performance management v1.3Performance management v1.3
Performance management v1.3
 
Rewards program led business growth
Rewards program led business growthRewards program led business growth
Rewards program led business growth
 
Case pulse cfm_061009
Case pulse cfm_061009Case pulse cfm_061009
Case pulse cfm_061009
 
Sales program evaluation and modeling
Sales program evaluation and modelingSales program evaluation and modeling
Sales program evaluation and modeling
 

Recently uploaded

Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...Seta Wicaksana
 
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...lizamodels9
 
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCRashishs7044
 
Buy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy Verified Accounts
 
Organizational Structure Running A Successful Business
Organizational Structure Running A Successful BusinessOrganizational Structure Running A Successful Business
Organizational Structure Running A Successful BusinessSeta Wicaksana
 
Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Kirill Klimov
 
8447779800, Low rate Call girls in Tughlakabad Delhi NCR
8447779800, Low rate Call girls in Tughlakabad Delhi NCR8447779800, Low rate Call girls in Tughlakabad Delhi NCR
8447779800, Low rate Call girls in Tughlakabad Delhi NCRashishs7044
 
The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024christinemoorman
 
Investment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy CheruiyotInvestment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy Cheruiyotictsugar
 
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,noida100girls
 
2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis UsageNeil Kimberley
 
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deckPitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deckHajeJanKamps
 
Independent Call Girls Andheri Nightlaila 9967584737
Independent Call Girls Andheri Nightlaila 9967584737Independent Call Girls Andheri Nightlaila 9967584737
Independent Call Girls Andheri Nightlaila 9967584737Riya Pathan
 
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...lizamodels9
 
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCRashishs7044
 
Call Girls Miyapur 7001305949 all area service COD available Any Time
Call Girls Miyapur 7001305949 all area service COD available Any TimeCall Girls Miyapur 7001305949 all area service COD available Any Time
Call Girls Miyapur 7001305949 all area service COD available Any Timedelhimodelshub1
 
Market Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMarket Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMintel Group
 
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...lizamodels9
 
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607dollysharma2066
 
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort ServiceCall US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Servicecallgirls2057
 

Recently uploaded (20)

Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...
 
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
 
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
 
Buy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail AccountsBuy gmail accounts.pdf Buy Old Gmail Accounts
Buy gmail accounts.pdf Buy Old Gmail Accounts
 
Organizational Structure Running A Successful Business
Organizational Structure Running A Successful BusinessOrganizational Structure Running A Successful Business
Organizational Structure Running A Successful Business
 
Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024
 
8447779800, Low rate Call girls in Tughlakabad Delhi NCR
8447779800, Low rate Call girls in Tughlakabad Delhi NCR8447779800, Low rate Call girls in Tughlakabad Delhi NCR
8447779800, Low rate Call girls in Tughlakabad Delhi NCR
 
The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024
 
Investment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy CheruiyotInvestment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy Cheruiyot
 
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
 
2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage
 
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deckPitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
 
Independent Call Girls Andheri Nightlaila 9967584737
Independent Call Girls Andheri Nightlaila 9967584737Independent Call Girls Andheri Nightlaila 9967584737
Independent Call Girls Andheri Nightlaila 9967584737
 
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
 
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
 
Call Girls Miyapur 7001305949 all area service COD available Any Time
Call Girls Miyapur 7001305949 all area service COD available Any TimeCall Girls Miyapur 7001305949 all area service COD available Any Time
Call Girls Miyapur 7001305949 all area service COD available Any Time
 
Market Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMarket Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 Edition
 
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
Call Girls In Connaught Place Delhi ❤️88604**77959_Russian 100% Genuine Escor...
 
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
 
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort ServiceCall US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
Call US-88OO1O2216 Call Girls In Mahipalpur Female Escort Service
 

The TeamLease Employment Outlook Report - Oct-Mar, 2015-16

  • 1. Comprehensive overview of the mechanics of hiring, job growth, salaries and their drivers, trends and forecasts across eight cities and nine sectors in India. EMPLOYMENT OUTLOOK REPORT TEAMLEASE SERVICES HY-2, 2015-16
  • 2. 1 PREFACE The TeamLease Employment Outlook Report provides a rich overview of hiring sentiments and trends across 9 key sectors and 8 major cities in India. They are a half-yearly exercise in capturing and reporting on Talent Acquisition plans by Indian employers. Over the years, the Employment Outlook – defined in the enclosure alongside –has come to reflect an accurate, forward looking, sense of the inclination to hire by organizations, thus helping Talent Managers across India with highly relevant decision support. The report aims to: 1. Measure trends in hiring sentiment across the country, and estimate Job Growth, by city and sector. 2. Drill across geographies, business size and hierarchy to provide additional dimensions of the statistic. 3. Identify the key drivers of hiring sentiment at a ‘big-picture’ as well as sector-level. ABOUT TEAMLEASE TeamLease is a pioneer, and India’s largest and foremost people supply chain company, with 8 regional offices and 1,100 core employees. We began business in 2002 delivering Temporary Staffing and have subsequently added Permanent Recruitment, Regulatory Compliance, Payroll Processing and Learning Services to our bouquet of offerings. Today, we serve 2,200 clients working across industry verticals in India. Besides Employment, over time, we have developed a triangulated focus that includes Education and Employability. Our core business is providing staffing solutions across industry sectors and diverse functional areas. The majority of our associate employees are engaged in sales, logistics and customer service functions. We focus on people, processes and technology to enhance business productivity by enabling our clients to outsource their staffing requirements and allowing them to focus on operating and growing their core businesses. THIS EDITION [Type the sidebar content. A sidebar is a standalone supplement to the main document. It is often aligned on the left or right of the page, or located at the top or bottom. Use the Drawing Tools tab to change the formatting of the sidebar text box.] THE EMPLOYMENT OUTLOOK is a measure of the probable hiring activity across India over the forthcoming half-year. It captures hiring sentiment in terms of a percentage increase / decrease and summarizes a net statistic. NET EMPLOYMENT OUTLOOK is the difference between the number of respondents who are inclined to hire and the number of respondents who are disinclined to hire, over the next 6 months of the financial year (October through March, 2015-16).
  • 3. 2 Contents 1. Executive Summary 2. Employment Outlook 2.1. Reporting convention – how to interpret outlook statistics 2.2. Employment Outlook for the Current HY 2.3. Employment Outlook Trend over the years 3. Employment Outlook Trends 3.1. By sector, city andgeography 3.2. By organization size,functional area and experience levels 4. Top Sectors and Cities 5. Sector-wise Analysis 6. City-wise Analysis 7. Research Methodology 7.1. Approach 7.2. Sample Design 7.2.1. Employers: City-Sector breakup 7.2.2. Employers: Business size-wise breakup 7.2.3. Candidates: City-wise breakup 8. Annexure-1: The big picture: what factors drive Employment Outlook 9. Annexure-2: The Salary Scene: what employers will pay 10. Annexure-3: Business Outlook 11. Annexure-4:City-Sector sweet spots 12. Annexure-5:Functional area-Sector sweet spots
  • 4. 3 EXECUTIVE SUMMARY Favourable prognosis for the economy by the United Nations, corporate citizenry expectant of the new government taking a leap of faith on reforms, and the continuing flurry of innovation activity result in an incremental improvement in the number of employers looking to increase hiring and help keep up employment sentiment at 89%, a small, but significant, increase of 3 basis points over the previous half-year forecast. Large and medium-sized businesses [+4 and +3 percentage points respectively] are likely to fill entry- and senior-level positions [+10 and +2 points]. The numbers are coming in from metros, tier-1 and tier- 2 cities, all of the functional areas sans Sales and Marketing, and all,of the sectors sans Financial Services and Telecommunications. Modest growth in outlook is seen across sectors, most notably Information Technology, Infrastructure and Health & Pharmaceuticals [+3 percentage points each], and there is significant uptick in outlook across cities, with sentiments in Bangalore and Mumbai improving by 5 and 4 points, respectively. In Mumbai and Pune, these trends juxtapose to create a host of city-sector clusters that see upwards of 3-point increases in outlook. The recurring theme of consumer maturity and technological innovation is now being ferociously leveraged by ecommerce businesses and technology startups. They debut impressively on our sector list with 84% of the respondents from the sector indicating the intent to increase hiring. Businesses in the sector are as much driven by demand growth and hyper-competition as they are by severe attrition. The Infrastructure sector seems to be an early beneficiary of the ‘Make in India’ initiative with Manufacturing, the actual intended beneficiary, expected to benefit with a lag effect. Swelling foreign exchange reserves and the government’s acceleration of projects have aided the sector in this growth. The number of jobs in the sector is projected to double over the next decade. Information Technology and Health & Pharmaceuticals are the other two sectors that stack up equally high [+3 points each]. The positive – albeit incremental – sentiment seen across most sectors and cities is only slightly negated by the few, even less incremental, negative sentiment in Financial Services and Telecommunications [-3 and -2 points, respectively] among sectors, and Delhi [-2 points] among cities. The negative outlook, in all these cases,is attributable to the number of respondents intending to lower the pace of hiring.
  • 5. 4 EMPLOYMENT OUTLOOK 1. Reporting convention: how to interpret outlook statistics The Net Employment Outlook is the difference between the number of respondents who are inclined to hire and the number of respondents who are disinclined to hire, over the next 6 months of the financial year (October through March, 2015-16). The Outlook is expressed as a percentage of the total number of respondents. For the forthcoming half year, for which the Outlook is being reported here, 93% responded positively (hire would increase), 4% responded negatively (hiring would decrease) and 3% responded saying there would not be any change in the volume of hiring, from the previous half year. The Net Employment Outlook, therefore, would be 89%. 2. Employment Outlook for the Current HY Increase Decrease No Change Net Employment Outlook Apr – Sep, 2013 84 5 11 79 Oct – Mar, 2014 83 7 10 76 Apr – Sep, 2014 85 5 10 80 Oct – Mar, 2015 93 5 2 88 Apr – Sep, 2015 91 5 4 86 Oct – Mar, 2016 93 4 3 89 79 80 86 76 88 89 65 70 75 80 85 90 2013-14 2014-15 2015-16 Employment Outlook - Over the years HY-2 HY-1
  • 6. 5 Hiring sentiments have inched up to a 3-year high, rather cautiously and as a matter of a second coming within a year, reflecting renewed confidence in a new regime as well as buoyed by a favourable growth forecast for the Indian economy. The United Nations’ reaffirmation of a spectacular near-future for India – a growth rate of 8.1% in 2015 which is projected to only get better at 8.2% in 2016 – is a major factor in employers inclined to put their foot forward and hire. The primary cause underlying this acceleration in growth is fast-clipped consumer spending fueling consumer maturity – a long term trend we have discussed over the past year.
  • 7. 6 EMPLOYMENT OUTLOOK TRENDS BY GEOGRAPHY, BUSINESS SIZE, HIERARCHY AND FUNCTIONALAREA Geography Increase Decrease No Change Net Employment Outlook METRO & TIER-1 Apr – Sep, 2015 94 3 3 91 Oct – Mar, 2016 96 3 1 93 TIER-2 Apr – Sep, 2015 27 7 66 20 Oct – Mar, 2016 25 3 72 22 TIER-3 Apr – Sep, 2015 15 5 80 10 Oct – Mar, 2016 12 4 84 8 RURAL Apr – Sep, 2015 4 3 93 1 Oct – Mar, 2016 4 2 94 2 Business Size Increase Decrease No Change Net Employment Outlook SMALL Apr – Sep, 2015 76 6 18 70 Oct – Mar, 2016 73 9 18 64 MEDIUM Apr – Sep, 2015 85 11 4 74 Oct – Mar, 2016 85 8 7 77 LARGE Apr – Sep, 2015 89 7 4 82 Oct – Mar, 2016 91 5 4 86 Hierarchy Increase Decrease No Change Net Employment Outlook ENTRY LEVEL Apr – Sep, 2015 62 7 31 55 Oct – Mar, 2016 70 5 25 65 JUNIOR LEVEL Apr – Sep, 2015 86 8 6 78 Oct – Mar, 2016 83 8 9 75 MID-LEVEL Apr – Sep, 2015 53 4 43 49 Oct – Mar, 2016 50 5 45 45 SENIOR LEVEL
  • 8. 7 Apr – Sep, 2015 31 2 67 29 Oct – Mar, 2016 34 3 63 31 Functional Area Increase Decrease No Change Net Employment Outlook SALES Apr – Sep, 2015 95 4 1 91 Oct – Mar, 2016 93 3 4 90 MARKETING Apr – Sep, 2015 95 4 1 91 Oct – Mar, 2016 83 8 9 75 INFORMATION TECHNOLOGY Apr – Sep, 2015 78 5 17 73 Oct – Mar, 2016 83 4 13 79 ENGINEERING Apr – Sep, 2015 78 5 17 73 Oct – Mar, 2016 86 5 9 81 OFFICE SERVICES Apr – Sep, 2015 24 9 67 15 Oct – Mar, 2016 27 8 65 19 HUMAN RESOURCES Apr – Sep, 2015 N.A. N.A. N.A. N.A. Oct – Mar, 2016 73 10 17 63 BLUE COLLAR Apr – Sep, 2015 57 2 41 55 Oct – Mar, 2016 72 7 21 65 Employment Outlook trends across Geography, Business Size, Hierarchy and Functional Area are clear indicators of a broad-based sense of confidence – albeit a few exceptions, as is discussed in the later pages – in employers. While Metro and Tier-1 cities continue to dominate the landscape, Tier-2 cities have appreciably come further up the radar for organizations that have been tapping into the hinterland for talent volumes that the former set of cities may not help fulfill on. That businesses of all sizes are likely to accelerate hiring is a matter of optimism, while the significant impetus to Entry-level, as well as a moderate push to Senior-level, hiring seems to reinforce positivity. Amongst functional areas, Information Technology and Engineering lead by far and substantially improve their standing. Blue Collar workforce sees an appreciable increase in demand and, therefore, hiring sentiment. BY SECTORAND CITY Employment Outlook by Sector
  • 9. 8 H2, 2015-16 H1, 2015-16 % change LEADERS Information Technology & Knowledge Services 96 93 3 Retail 95 93 2 Infrastructure 89 86 3 Health & Pharmaceuticals 88 85 3 Ecommerce & Technology Startups 84 - - LAGGARDS Financial Services 82 85 -3 Telecommunications 80 82 -2 Fast Moving Consumer Goods 75 74 1 Manufacturing & Engineering 70 68 2 Employment Outlook by City H2, 2015-16 H1, 2015-16 % change LEADERS Bangalore 93 88 5 Pune 82 78 4 Mumbai 75 72 3 Ahmedabad 74 72 2 LAGGARDS Chennai 72 70 2 Delhi 68 70 -2 Hyderabad 63 60 3 Kolkata 59 56 3 The growth boosters – amongst sectors and cities – happen to be the ones that showcase a combination of technological prowess and consumption power. Information Technology and Knowledge Services and Retail lead the sector-stack with appreciable proportions of the respondents willing to up people numbers, while Ecommerce & Technology Startups – a new- comer in our bucket list – has debuted with a sharps upward trajectory. The spectacular emergence of Ecommerce & Technology Startups on the hiring horizon is noteworthy, and its addition must come as no surprise. With droves of new businesses being incubated, by the month, rapidly scaling up and hiring in the hundreds, this sector is adding rocket fuel to consumer-spending as well as to talent / labour market growth. Add to all this, the direct beneficiary of the UN’s growth forecast – the already upwardly-mobile Infrastructure sector – and we have a good looking sectoral outlook. The cities have a predictable line up although Delhi is a sore exception, with Infrastructure being the lone high-growth sector that is unable to offset the lack of active participation from most other sectors. .
  • 10. 9 SECTOR-WISE ANALYSIS INFORMATION TECHNOLOGY& KNOWLEDGE SERVICES Increase Decrease No Change Net Employment Outlook Apr – Sep, 2015 96 3 1 93 Oct – Mar, 2016 97 1 2 96 Job Growth: 13.7% (previous HY: 12.2%) The sector is driven by the fast-recovering American economy and a slew of entrepreneurial activity on the back of technological innovation in the software-product ecosystem. New software-product businesses are emerging and scaling up rapidly, while a host of existing IT companies are focusing on and catering to product companies, primarily, in the U.S. The Knowledge Services sector is dominated by the buzz around the SMAC stack – Social-Mobile- Analytics-Cloud ecosystem, and technologies such as Big Data and Predictive Analytics are seeing a relentless demand for high-caliber talent. FAST MOVING CONSUMER GOODS Increase Decrease No Change Net Employment Outlook Apr – Sep, 2015 83 9 8 74 Oct – Mar, 2016 85 10 5 75 Job Growth: 10.8% (previous HY: 10.27%) Consumer maturity is the long term trend on the back of which the Fast Moving Consumer Goods sector has been witnessing healthy growth over the past couple of years. With consumers loosening purse strings more than ever before, and with the enabling Retail sector growing in spurts, the FMCG sector has been on an upswing. The forthcoming half-year, however, is a small dampener for the sector. Retail / Ecommerce is stealing substantial growth off the consumer spend trend and the discretionary rupee is split across proliferating consumption categories, many of which fall under lifestyle retail. The one savior for the FMCG sector is rural spending which, again, has been on an uptick over the past half a decade. FINANCIAL SERVICES Increase Decrease No Change Net Employment Outlook Apr – Sep, 2015 91 6 3 85 Oct – Mar, 2016 90 8 2 82 Job Growth: 8.5% (previous HY: 8.2%)
  • 11. 10 With the Achilles heel of corporate debt being a significant bother, and the interest rates not entirely in a favourable range, the Financial Services sector does not seem to be in the best of its hiring spirits. The coming half-year, however, is the period during which fiscal policy is likely to be shaped and the annual budget announcement would address concerns surrounding interest rates. Add to this, the sector is a heavy spender on technology. The modest outlook, somewhat, camouflages a healthy intake of technological talent aimed at fostering innovations in areas such as payments – where a slew of startups are ushering in what Mr. Nandan Nilekani calls a ‘whatsapp-like’ revolution. This space is, therefore, a bright spark for the Financial Services sector. INFRASTRUCTURE Increase Decrease No Change Net Employment Outlook Apr – Sep, 2015 92 6 2 86 Oct – Mar, 2016 94 5 1 89 Job Growth: 10.6% (previous HY: 9.33%) The Infrastructure sector is likely to add annual employment of almost 17 million by 2025, up from the current level of about 7 million. Economic growth forecasts – and the reinforcements from a surge in foreign fund flows – are key drivers behind an ebullient hiring outlook for the sector, besides the government accelerating several infrastructural projects that were either on the backburner or were seeing a slow burn. The ‘Make in India’ initiative, although aimed at Manufacturing & Engineering, has rather direct fallout for the Infrastructure sector as well. Investments in defense equipment, railways and construction are already on an upward trajectory and are likely to further the pace of hiring in the sector. RETAIL Increase Decrease No Change Net Employment Outlook Apr – Sep, 2015 95 2 3 93 Oct – Mar, 2016 96 1 3 95 Job Growth: 13.4% (previous HY: 12.11%) Product and brand proliferation in the consumer market have enormously benefited the retail sector, and the mature Indian consumer – across cities and towns – is increasingly preferring organized environs to shop in. There is a worrying downside to the hiring sentiment Retail displays, however. Alarming levels of attrition, and the exorbitant training cost, of front-end store staff is a major attribute influencing the hiring sentiment. The intense competition from ecommerce businesses is the other key factor necessitating large volume hiring – which good news is. As retailers strive to protect their turf from the onslaught of the newbies, they are investing in acquiring the right talent – in addition to the right technologies. This protracted battle, likely to prolong for the foreseeable future, bodes well for the Indian talent / labour market.
  • 12. 11 MANUFACTURING & ENGINEERING Increase Decrease No Change Net Employment Outlook Apr – Sep, 2015 74 6 20 68 Oct – Mar, 2016 73 3 24 70 Job Growth: 8.33% (previous HY: 7.2%) The direct, intended, beneficiary of the ‘Make in India’ initiative is witnessing a lag effect of the Prime Minister’s ardent push for the sector. While investments are trickling in, a major push to the Infrastructure sector is seen to be a prerequisite for the Manufacturing & Engineering sector to start thriving and for the talent / labour market to benefit. On the other hand, capacity creation in sectors such as Infrastructure, Oil & Gas, Power, Mining, Automobiles, Auto components, Steel, Refinery, and the like, is driving growth of the engineering industry. As foreign investment inflows accelerate, and as the primary sector picks up pace, the Manufacturing & Engineering sector is set to see substantial traction. TELECOMMUNICATION Increase Decrease No Change Net Employment Outlook Apr – Sep, 2015 89 7 4 82 Oct – Mar, 2016 89 9 2 80 Job Growth: 9.2% (previous HY: 9.73%) With mobile subscriber volumes racing toward a billion and internet – specifically, mobile-internet cornering a third of this volume – penetration levels growing at 17% over the first 6 months of this fiscal, the Telecommunication sector has been on a roll. The Net Neutrality, and call drops, debates notwithstanding, the sector is witnessing enormous user - and revenue - growth. All this is, however, not exactly translating into as healthy an addition to the workforce as it actually warrants. The sector is in consolidation mode, and a lack of requisite investments – thanks perhaps, to the burdening license fee – and intense competition are a spoke in the sector’s wheel. The industry is, in fact, likely to ever so slightly reduce the quantum of hiring over the next 6 months. HEALTHCARE & PHARMACEUTICALS Increase Decrease No Change Net Employment Outlook Apr – Sep, 2015 87 2 11 85 Oct – Mar, 2016 88 0 12 88 Job Growth: 12.6% (previous HY: 10.95%)
  • 13. 12 Modern healthcare and Research are the two areas of robust growth that primarily contribute to talent acquisition in the Healthcare and Pharmaceuticals sector. Companies in the sector – and a good proportion of these are global entrants – are seen to be making investments in domains such as Genomics, Proteonomics and Epigenetics, besides Electronic Medical Records. Growing urbanization has meant that metro and tier-I towns will continue to be significant drivers of growth. The consumer maturity factor, however, is a big boost to healthcare facilities not just in cities, but increasingly in smaller towns as well. The perennially short-on-talent sector is doubling down on both the quantity and quality of hiring over the next 6 months. ECOMMERCE & TECH STARTUPS Increase Decrease No Change Net Employment Outlook Oct – Mar, 2016 92 8 - 84 Job Growth: 22% (previous HY: N.A.) The pinnacle of consumer maturity – and the sector most benefitting from the phenomenon – is evidenced by the trailblazing growth of the ecommerce sector. The sector is single handedly standing the retail industry business model on its head, and driving adoption to app- and mobile-based shopping in a big way. Venture funding, and SiliconValley inspired innovation, are fueling the frenzy and all this is resulting in two major areas of talent acquisition – technology and logistics. This, two-dimensional, growth of talent requirements in the Ecommerce & Tech startups sector is seemingly insatiable. While the baseline talent demand is itself substantial, seasonal spikes in talent demand – especially for logistics profiles – is seen to be bordering on the unmanageable. A sector marked by turbulence – thanks to rapid innovation, fast changing consumer preferences and hyper competition – is turning to all avenues to hire software developers and delivery personnel, in addition to high quality managerial talent.
  • 14. 13 CITY-WISE OUTLOOK STATISTICS MUMBAI Increase Decrease No Change Net Employment Outlook Apr – Sep, 2015 81 9 10 72 Oct – Mar, 2016 82 7 11 75 Job Growth: 16.5% (previous HY: 15.37%) With job growth and outlook statistics second only to Bangalore, Mumbai keeps up its standing as a significant contributor to employment. The outlook for the city is looking up because of a healthy growth in the sentiments of multiple sectors that include Financial Services, Infrastructure, Telecommunications and Healthcare & Pharmaceuticals. DELHI Increase Decrease No Change Net Employment Outlook Apr – Sep, 2015 82 12 6 70 Oct – Mar, 2016 82 14 4 68 Job Growth: 14.6% (previous HY: 15.17%) The incremental decrease in employment outlook for Delhi reflects the rather somber business climate in the city. Infrastructure is the lone saving grace for Delhi. Its marginal slide on the outlook is due to the incremental – single percentage point – drops across outlook for most sectors. BANGALORE Increase Decrease No Change Net Employment Outlook Apr – Sep, 2015 93 5 2 88 Oct – Mar, 2016 96 3 1 93 Job Growth: 17.3% (previous HY: 15.62%) The IT bellwether rides the waves of technological innovation and ecommerce to substantially up the employment outlook for the forthcoming half-year. While IT is the prime mover of this uptrend the sentiment is shared across sectors in Bangalore. With a stupendous 96% of respondents looking to ramp up hiring, the sentiment in the city is ahead of all others by far. KOLKATA Increase Decrease No Change Net Employment Outlook
  • 15. 14 Apr – Sep, 2015 62 6 32 56 Oct – Mar, 2016 70 11 19 59 Job Growth: 9.6% (previous HY: 8.74%) A significant increase in the number of respondents that wish to up hiring, over the forthcoming half- year, is matched by an increase in the numbers that wish to reduce. Kolkata retains its rather poor employment outlook with a net statistic that looks only slightly better than from the previous forecast. CHENNAI Increase Decrease No Change Net Employment Outlook Apr – Sep, 2015 83 13 4 70 Oct – Mar, 2016 80 8 12 72 Job Growth: 11.4% (previous HY: 11.18%) Chennai witnesses a less-than-significant improvement in Employment Outlook. A substantial number of respondents not changing the pace of hiring for the forthcoming half-year, compared with the previous adds to a small reduction in the numbers that are looking to increase hiring. PUNE Increase Decrease No Change Net Employment Outlook Apr – Sep, 2015 85 7 8 78 Oct – Mar, 2016 88 6 6 82 Job Growth: 14.3% (previous HY: 13.19%) With an impressive shift in sentiments across the three categories of respondents the employment outlook improves significantly for Pune. More respondents looking to increase and lesser numbers looking to reduce or not change hiring trends works well for the city. HYDERABAD Increase Decrease No Change Net Employment Outlook Apr – Sep, 2015 74 14 12 60 Oct – Mar, 2016 73 10 17 63 Job Growth: 11.2%% (previous HY: 10.52%) Hyderabad ups outlook, primarily, due to a sharp reduction in the number of respondents that wish to reduce hiring. With a good number also not looking at changing the volume of hiring the net outlook number looks much smaller than for most other cities.
  • 16. 15 AHMEDABAD Increase Decrease No Change Net Employment Outlook Apr – Sep, 2015 80 8 12 72 Oct – Mar, 2016 86 12 2 74 Job Growth: 11.9% (previous HY: 11.76%) An impressive improvement in the number of respondents that intend to up hiring this forthcoming half- year is nearly offset by the numbers that spell the contrary. The net result is a marginal increase in the outlook for Ahmedabad.
  • 17. 16 RESEARCH METHODOLOGY .APPROACH • Business environment, influencers: Secondary research / literature review • Industry and Job trends, Sentiment and # Jobs, Salaries and Skills: Quantitative research [email / tele-surveys] • Attrition, root causes and talent retention: Depth surveys SAMPLE DESIGN Employers Mumbai Delhi Bangalore Kolkata Chennai Pune Hyderabad Ahmedabad Total IT & KS 10 9 9 8 10 9 10 9 74 ECOM 7 5 10 - 4 6 4 2 38 FMCG 10 9 8 9 9 8 10 10 73 BFSI 9 10 10 9 8 9 9 8 72 RET 8 9 8 9 8 8 9 10 69 INF 10 10 9 8 10 9 10 9 75 M&E 10 8 9 10 9 8 8 8 70 TEL 8 9 10 9 8 8 9 9 70 H&P 11 9 10 8 9 9 9 10 75 Total 83 78 83 70 75 74 78 75 616 Business Size Small [Up to 249 employees] Medium [250 – 999 employees] Large [1,000 + employees] Total Mumbai 12 52 19 83 Delhi 9 56 13 78 Bangalore 11 57 15 83 Kolkata 18 42 10 70 Chennai 14 46 15 75 Pune 12 50 12 74 Hyderabad 13 52 13 78 Ahmedabad 14 52 9 75 Total 103 407 106 616 Candidates Mumbai 18 Delhi 14 Bangalore 19 Kolkata 15 Chennai 19 Pune 20 Hyderabad 14 Ahmedabad 21 Totals 140
  • 18. 17 ANNEXURE-1 The big picture: what factors drive employment outlook A hope-filled future marks the hiring sentiment for the forthcoming half year. With most sectors and cities, sans Financial Services, Telecommunications and Delhi, looking to increase hiring the causal factors – macroeconomic and otherwise – are aligned right for talent demand. 1. Economic growth forecast at 8.1%: The United Nations reports that the Indian economy is set to lead the way in Asia with a stupendous 8.1% growth rate in 2015 and follow it up with an 8.2% in 2016. The growth is expected to come on the back of acceleration of infrastructure projects, improved consumer spending, lower inflation and monetary easing besides a general improvement in market sentiment. 2. Consumer maturity moves to the next level: Mobile-internet is proving to transform the consumer attitude and preference way more than organized retail did, and in way shorter a time frame. With consumer spending finding its way through the labyrinths of a multitude of apps, finger tips in cities and towns big and small are rejoicing – with the direct fallout of tech startups mushrooming and craving talent. 3. Tech talent lured by ecommerce and product companies : Top Indian engineering campuses are abuzz with magnanimous offers from startups, multinational companies and homegrown technology giants. These early movers have, of late, being joined by organized retailers that are upgrading their technological capabilities as well. 4. Infrastructure projects pace likely to come of age: The Government is pushing through and accelerating infrastructural projects, an action meant to be a booster dose to the ‘Make in India’ initiative. The ripple effects of this push are believed to likely result in an uptick in the growth rate of the Manufacturing & Engineering sector. The concerns surrounding capital formation and corporate debt, which the previous edition of the Employment Outlook had brought up in this section, still remain. But industry is looking to a two- pronged approach to market growth – consumer spending and government will.
  • 19. 18 ANNEXURE-2 THE SALARY SCENE: WHAT EMPLOYERS WILLPAY # City Sector Job Profile Salary (Rs. per month) 1 Mumbai IT Project Manager 51,000 2 RET Sales Promoter 20,000 3 BFSI Insurance Sales Representative 21,000 4 Delhi INF Supervisor 23,000 5 TEL Customer Service Representative 16,000 6 FMCG Back Office Controller 14,000 7 Bangalore BFSI Business Analyst 34,000 8 IT Software Engineer 47,000 9 H&P Lab Associate 18,000 10 Kolkata M&E Operations Assistant 17,000 11 HOSP Resort Assistant 18,000 12 M&E Recruitment Executive 18,000 13 Chennai M&E Marketing Executive 20,000 14 RET Packer Boy 10,000 15 IT System Administrator 35,000 16 Pune FMCG Loader and Picker 10,000 17 INF Survey Executive 22,000 18 M&E Technician 20,000 19 Hyderabad IT Network Engineer 36,000 20 ECOM Ecommerce Executive 14,000 21 ITES Purchase Manager 39,000 22 Ahmedabad ECOM Digital Marketing Manager 36,000 23 INF Site Engineer 27,000 24 M&E Projectionist 17,000 Job Profiles Sampling Criteria: Profiles have been selected for the sheer number of jobs they represent, and the representative salary they carry, in the respective city-sector clusters.
  • 20. 19 ANNEXURE-3 BUSINESS OUTLOOK Increase Decrease No Change Net Employment Outlook Apr – Sep, 2013 81 7 12 74 Oct – Mar, 2014 82 5 13 77 Apr – Sep, 2014 87 5 8 82 Oct – Mar, 2015 94 3 3 91 Apr – Sep, 2015 94 4 2 90 Oct – Mar, 2016 95 3 2 92
  • 21. 20 ANNEXURE-4 CITY-SECTOR SWEET SPOTS EMPLOYMENT OUTLOOK Positive growth (>3) in hiring sentiment. Negative growth (< -3) in hiring sentiment. Mumbai stars in a multiple-sector high-performance role, with as many as 4 sectors (Fast Moving Consumer Goods, Infrastructure, Telecommunication and Healthcare & Pharmaceuticals) showcasing %respondents
  • 22. 21 appreciable improvement in hiring sentiment. Pune also does well and is the lone cheerer of the Financial Services sector, in addition to having an ebullient sentiment from the Infrastructure and Healthcare & Pharmaceuticals sectors. The mostly positive sentiment upshots across city-sector clusters are an evidence of a healthy hiring ground for the forthcoming half year.
  • 23. 22 ANNEXURE-5 FUNCTIONAL AREA-SECTOR SWEET SPOTS All of the functional areas sans Sales and Marketing, and all sectors sans Financial Services and Telecommunications seem to be sharing a generally positive sentiment. The clusters with significant positivity are generally spread across functional areas, with Blue Collar dominating the scene.
  • 24. 23 Technology and Analytics Partner: http://valuvox.com http://facebook.com/valuvox http://twitter.com/valuvox