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Report 1 – India’s Job Market © TechPreneurs 1. Table of Contents  Supply and Demand in Total and by Segments  Regional  Industry  Type of Employees.

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Presentation on theme: "Report 1 – India’s Job Market © TechPreneurs 1. Table of Contents  Supply and Demand in Total and by Segments  Regional  Industry  Type of Employees."— Presentation transcript:

1 Report 1 – India’s Job Market © TechPreneurs 1

2 Table of Contents  Supply and Demand in Total and by Segments  Regional  Industry  Type of Employees  Wages Analysis  Employee Behavior Analysis © TechPreneurs 2

3 Supply and Demand in Indian HR Market According to the Labour Ministry of Government of India:  Indian labour force is set to increase from 520 mn in 2009-10 to 574 mn in 2014-15  Approx.10 to 11 mn people will be joining the labour force each year during this period According to the Associated Chambers of Commerce & Industry (Assocham):  Indian economy would create 87.37 million new jobs by 2015, and close to a million new jobs in the year 2011 itself  With a GDP growth rate of 8.8 % in Q1 2011 for India and a positive job forecast for the rest of the year, hiring in sectors like Pharma & Healthcare, IT/ITES, Engineering & Manufacturing, BFSI and Education would be promising with major hiring plans for most of the companies.  Inspite of the positive outlook, there would be the major challenge of “Employability Gap” of the Indian employees across sectors India has a huge talent pool of highly educated workforce under 30’s (which is more than 50% of the population of the country). Despite the large population, there are skill shortages of the employees in the specialized markets and in the experienced space for sectors such as IT, IT Enabled Services, Banking, Telecommunications, FMCG, Hospitality and Retail. The senior management positions are difficult to fill because of the shortage of skilled managers Source: ManPower Employment Outlook Survey India, Ma Foi Randstad Employment Survey, Kelly Services India, Recruitment International, Ministry of Labor (Govt. of India), Associated Chambers of Commerce & Industry © TechPreneurs 3

4 Supply and Demand in Indian HR Market Attrition in the Labor Market of India is generally quite high as:  The employees look to change their job every 2-3 years to gain a salary hike and experience working in a new company  More and more employees are looking to get jobs at Multi National Companies that can provide them with an international exposure and long-term career plan Some of the common trends observed in the Indian labor market are:  Increasing tendency in the Indian organised manufacturing sector to hire their workers through temporary staffing to carry out production  Companies are deploying RPO solutions for volume hiring and employer branding  Social media based hiring in India has also increased significantly  There has been a continuous talent migration from Tier two cities to Tier one cities in search of better job prospects and better lifestyle Source: ManPower Employment Outlook Survey India, Ma Foi Randstad Employment Survey, Kelly Services India, Recruitment International, Ministry of Labor (Govt. of India), Associated Chambers of Commerce & Industry © TechPreneurs 4

5 Supply and Demand in Indian HR Market According to Manpower Employment Outlook Survey for the fourth quarter 2011, the employers in India are expected to robustly increase their headcount. As per the Survey, the Net Employment Outlook in India for Q4 2011, stands at +34%. (Approximately 35% of employers expecting to increase headcount, 1% anticipating a decrease and 39% forecasting no change in their hiring trend) The hiring prospects for the Indian employers in Q4 2011, weakened both quarter-over-quarter and year-over-year. According to the Survey, the Net Employment Outlook in India for Q4 2011 declined by 13% over Q2 2011 and by 8% over Q4 2010. Source: ManPower Employment Outlook Survey India (Q4 2011) © TechPreneurs 5 YoY Decrease of 8% QoQ Decrease of 13%

6 Supply and Demand in Indian HR Market Regional Analysis: According to Manpower Employment Outlook Survey for India, the employers in all four regions of the country expect an increase in staffing levels during Q4 2011. The most optimistic hiring plans are forecast in the East, where the Net Employment Outlook stands at +40%. A buoyant hiring climate is also anticipated in the Southern region where the Outlook is +37%, and the North, with an Outlook of +34%. As per the survey, in fourth quarter 2011, for q-o-q employers report weaker hiring prospects in three of the four regions. The hiring prospect for the West in Q4 2011 decreases by 19% q-o-q, while the North shows a 15% fall q-o-q For Q4 2011, the Net Employment Outlook for the Eastern Region decreases only by 1% y-o-y. All other regions recorded sharp fall in Net Employment Outlook on yearly basis Source: ManPower Employment Outlook Survey India © TechPreneurs 6

7 Supply and Demand in Indian HR Market Industry Analysis: According to Manpower Employment Outlook Survey, the employers in all seven industry sectors expect an increase in personnel levels during the fourth quarter of 2011. The most optimistic hiring prospects are expected in the Services sector, where the Net Employment Outlook is +39%. The Manufacturing sector employers report strong hiring intentions, with an Outlook of +35%, and robust hiring plans are evident in the Mining & Construction sector, where the Outlook is +34% In Q4 2011, the employers report weaker hiring plans in all seven industry sectors, quarter-over-quarter. The most noteworthy fall of 17% is in the Wholesale & Retail Trade sector, while employers in the Finance, Insurance & Real Estate sector report a decline of 16% Source: ManPower Employment Outlook Survey India © TechPreneurs 7 Hiring Intentions Weaken in Q4 2011 across all Sectors quarter-over-quarter. Hiring Outlook for fourth quarter 2011 Increases y-o-y for ‘Wholesale & Retail Trade’ and ‘Transportation & Utilities’ sectors

8 Supply and Demand in Indian HR Market Healthcare is expected to add the maximum number of jobs in 2011 (248,500 nos.), representing a yearly increase by 7.4%. It is followed by Manufacturing - Non-Machinery Products (223,400 nos. – yearly increase by 5.0%) and IT & ITeS (183,000 nos. – yearly 9.5% increase) Source: Ma Foi Randstad Employment Trends Survey (MEtS) © TechPreneurs 8

9 Supply and Demand in Indian HR Market Mumbai is expected to add the maximum number of new jobs in 2011 (102,884 nos. – yearly increase of 15.7%), followed by Delhi & NCR (102,616 nos. – yearly increase of 17.5%) and Chennai (68,134 nos. – yearly increase of 18.3%). Source: Ma Foi Randstad Employment Trends Survey (MEtS) © TechPreneurs 9

10 Supply and Demand in Indian HR Market Type of Employees: The Hospitality Industry had the maximum proportion of Freshers (experience < 3 yrs.) as a part of its workforce (approx. 70.94%). The Energy Industry had the maximum proportion of Experienced Manpower in its workforce (approx. 55.65%) Source: Ma Foi Randstad Employment Trends Survey (MEtS) © TechPreneurs 10

11 Supply and Demand in Indian HR Market Type of Employees: Pune had the largest proportion of Freshers (64.75%), followed by Hyderabad (59.29%), Chennai (58.97%) and Kolkata (57.29%). Source: Ma Foi Randstad Employment Trends Survey (MEtS) © TechPreneurs 11

12 Wages in Indian HR Market According to Ma Foi Randstad Employment Trends Survey, Trade (including Consumer, Retail and Services) would register the maximum increase in wage bills in 2011 (12.81% yearly), followed by IT & ITeS (12.40% yearly) and BFSI & Pharma with (11.20% each) Source: Ma Foi Randstad Employment Trends Survey (MEtS) © TechPreneurs 12

13 Wages in Indian HR Market According to Ma Foi Randstad Employment Trends Survey, Pune would record the maximum increase in employee wages in 2011 (yearly 12.40% increase), followed by Delhi & NCR (yearly 12.10% increase) and Bangalore (yearly 11.10% increase) Source: Ma Foi Randstad Employment Trends Survey (MEtS) © TechPreneurs 13

14 Employee Behavior Analysis - Indian HR Market Source: MyHiringClub.com Survey 2011 © TechPreneurs 14 According to a study conducted by MyHiringClub.com, the IT and ITES sector in India had the highest attrition rate of 23% in the first quarter of 2011. In contrast, the Banking and Financial Services sector recorded an attrition rate of 18%, followed by Healthcare (12%), FMCG (11%) and Automobiles and Manufacturing (11%).

15 Employee Behavior Analysis - Indian HR Market Source: MyHiringClub.com Survey 2011 © TechPreneurs 15 As per the survey by MyHiringClub.com, the main reason for an employee in India to switch a job is pay packages (21%), followed by career level growth (16%), dissatisfaction with supervisors (15%) & work pressure (14%) According to the survey by MyHiringClub.com, the employees with experience of up to five years had the highest attrition rate of 39%, while it was 27% for those with 5-10 years of experience and 22% in the 10-15 years experience bracket. The senior-level employees (experience more than 15 years) at the Indian companies had a comparatively low attrition rate of 15%

16 For Further Information: Email: tech.preneurs007@gmail.comtech.preneurs007@gmail.com Ph: 091-09230182865 © TechPreneurs 16


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