KEY FINDINGS OF THE STUDY
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GLOBAL TRENDS: A 2% - 3% drop in Net Employment Outlook was reported across global markets (except Europe)
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The Net Employment Outlook for India drops 3% to 92%, for the October-March, 2018-19 HY. as compared to 95% for the preceding half-year (April-September 2018)
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Mid-level hiring sentiment [+3%] is the one saving grace as Entry-level hiring sentiment falls by a substantial 5%, Junior-level falls by 3% and Senior-level falls by 4%.
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Metro and tier-1 cities report a 2% drop in outlook, while Tier-2 cities report a 1% drop, Tier-3 cities a 1% increase and rural areas report no change.
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Sales and Office Services report significant increase in hiring sentiment [+3% each] and Blue Collar reports 1% increase, while Marketing [-4%], IT [-3%], Engineering and Human Resources [-2% each] report decrease in hiring sentiment.
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The outlook improves significantly in Pune and Hyderabad (+3%) followed by Delhi and Chennai (+2%). While the sentiment is slightly gone below in Ahmedabad and Mumbai (-2%), Kolkata (-1%) and Bangalore (-1%).
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The silver lining is a clutch of clusters that show promise for the HY
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Power and Energy (+4%) hiring in Chennai (+3%)
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Financial Services (+3%) hiring in Mumbai, Kolkata and Bangalore (+4 each), Hyderabad, Bangalore and Chennai (+3% each)
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Media & Entertainment (+3%)hiring in Bangalore (+5%) and Delhi, Hyderabad and Pune (+4% each)
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E-commerce & Tech Start-ups (+2%) in Ahmedabad (+5%), Bangalore, Kolkata and Hyderabad (+4% each)
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Attrition Trends (April- September 2018)
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8 of the 19 sectors witnessed significantly higher attrition during the last HY (April-September, 2018-19) as compared with the last FY (April – March, 2017-18).
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For 7 other sectors attrition rates dropped significantly during the previous HY (April-September, 2018-19) as compared with the last FY (April – March, 2017-18).
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Job growth (Sector wise for HY-2)
(Top 3 Sectors)
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Job growth in Knowledge Process Outsourcing has risen to 15.37% with a job creation estimate of 19,250
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Job growth in Retail has risen to 14.68% and the sector will create an estimate of 1.55 lac jobs
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Job growth in Power & Energy has risen to 13.16% and the sector will create an estimate of 33,100 jobs
(Bottom 3 Sectors)
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Job growth in Telecommunication has risen to 6.82% and the sector will create an estimate of 31,200 jobs
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Job growth in Construction & Real Estate has risen to 6.36% and the sector will create an estimate of 59,975 jobs
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Job growth in BPO / ITeS has risen to 7.24% and the sector will create an estimate of 15,650 jobs
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Job growth city-wise outlook statistics
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(Top 3 cities)
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Mumbai - Job Growth: 11.27%, New Job creation: 1.66 Lacs
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Hyderabad- Job growth: 11.81%, New job creation: 96,000
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Delhi - Job Growth: 11.72%, New Job Creation: 1.55 lac
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(Bottom 3 cities)
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Bengaluru- Job Growth: 13.64%, New Job Creation: 1.52 lac
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Chennai - Job Growth: 12.88%, New Job Creation: 1.03 lac
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Pune- Job Growth: 13.74%, New Job Creation: 1.02 lac
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Estimates of Net New Job Creation across sectors: (Figure of cities with Highest demand)
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Agriculture & Agrochemicals- 4,700 net new jobs in Mumbai
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BPO/ITeS- 2,600 net new jobs in Gurgaon
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Construction & real estate- 9,800 net new jobs in Mumbai
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Ecommerce & Technology Start-ups- 10,200 net new jobs in Bangalore
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Educational Services- 23,100 net new jobs in Bangalore
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Fast Moving Consumer Goods & Durables- 14,200 net new jobs in Mumbai
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Financial Services- 6,800 net new jobs in Bangalore
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Health & Pharmaceuticals- 6,900 net new jobs in Mumbai
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Information Technology- 5300 net new jobs in Mumbai
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Manufacturing, Engineering & Infrastructure- 8,800 net new jobs in Pune
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Media & Entertainment- 8,600 net new jobs in Delhi
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Power & Energy- 4,100 net new jobs in Mumbai
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Retail- 25,950 net new jobs in Delhi
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Telecommunications- 4,100 net new jobs in Bangalore
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Travel & Hospitality- 7,200 net new jobs in Delhi
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Consulting- 4,550 net new jobs in Bangalore
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Logistics- 29,700 net new jobs in Mumbai
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Marketing & Advertising- 7,100 net new jobs in Mumbai
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Top sectors (by city) in terms of employment outlook growth:-
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Bangalore: Media & Entertainment [+5%] | Financial Services, Ecommerce & Tech Start-ups [+4% each] | Retail, BPO / ITeS, KPO [+3% each]
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Delhi: Media & Entertainment, BPO / ITeS (4% each) | KPO, Construction & Real Estate, Retail [+3% each]
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Hyderabad: FMCG/D, Ecommerce & Tech Start-ups, Media & Entertainment [+4% each] | Financial Services, Retail, KPO [+3% each]
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Mumbai: Financial Services [+4%] | KPO, Construction & Real Estate, Ecommerce & Tech Start-ups, FMCG/D [+3% each]
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Top sectors (by city) in terms of Net New Job Creation:-
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Bangalore: Educational Services [23,100] | Retail [21,400] | Logistics [14,700]
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Delhi: Logistics [26,900] | Retail [25,950] | Educational Services [16,800]
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Hyderabad: Retail [14,800] |Fast Moving Consumer Goods & Durables [8,800] | Educational Services [8,100]
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Kolkata: Retail [10,900] | Logistics [9,600] | Educational Services [6,600]
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Mumbai: Logistics [29,700] | Educational Services [16,200] | Retail [16,100]
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FRESH GRADUATE HIRING: Fresher hiring across the 19 sectors and Tier-1 cities (Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai and Pune) are likely to be nearly 16.3% of all net new jobs created. The leading city-sectors are –
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Retail-Delhi [7,270 jobs], Educational Services-Bangalore [6,470 jobs], Retail-Chennai [5,240 jobs], Retail-Bangalore [4,710 jobs], Educational Services-Mumbai [4,050 jobs], Educational Services-Pune [3,720 jobs]
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