Employment Outlook Report HY2 - 2018-19

 

 

 

KEY FINDINGS OF THE STUDY
 

  • GLOBAL TRENDS: A 2% - 3% drop in Net Employment Outlook was reported across global markets (except Europe)

  • 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)

  • 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%.

  • 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.

  • 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.

  • 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%).

  • The silver lining is a clutch of clusters that show promise for the HY

    • Power and Energy (+4%) hiring in Chennai (+3%)

    • Financial Services (+3%) hiring in Mumbai, Kolkata and Bangalore (+4 each), Hyderabad, Bangalore and Chennai (+3% each)

    • Media & Entertainment (+3%)hiring in Bangalore (+5%) and Delhi, Hyderabad and Pune (+4% each)

    • E-commerce & Tech Start-ups (+2%) in Ahmedabad (+5%), Bangalore, Kolkata and Hyderabad (+4% each)
       

  • Attrition Trends (April- September 2018)

    • 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).

    • 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).

  • Job growth (Sector wise for HY-2)

(Top 3 Sectors)

  • Job growth in Knowledge Process Outsourcing has risen to 15.37% with a job creation estimate of 19,250

  • Job growth in Retail has risen to 14.68% and the sector will create an estimate of 1.55 lac jobs

  • Job growth in Power & Energy has risen to 13.16% and the sector will create an estimate of 33,100 jobs

(Bottom 3 Sectors)

  • Job growth in Telecommunication has risen to 6.82% and the sector will create an estimate of 31,200 jobs

  • Job growth in Construction & Real Estate has risen to 6.36% and the sector will create an estimate of 59,975 jobs

  • Job growth in BPO / ITeS has risen to 7.24% and the sector will create an estimate of 15,650 jobs
     

  • Job growth city-wise outlook statistics

    • (Top 3 cities)

      • Mumbai - Job Growth: 11.27%, New Job creation: 1.66 Lacs

      • Hyderabad- Job growth: 11.81%, New job creation: 96,000

      • Delhi - Job Growth: 11.72%, New Job Creation: 1.55 lac

    • (Bottom 3 cities)

      • Bengaluru- Job Growth: 13.64%, New Job Creation: 1.52 lac

      • Chennai - Job Growth: 12.88%, New Job Creation: 1.03 lac

      • Pune- Job Growth: 13.74%, New Job Creation: 1.02 lac
         

  • Estimates of Net New Job Creation across sectors: (Figure of cities with Highest demand)

    • Agriculture & Agrochemicals- 4,700 net new jobs in Mumbai

    • BPO/ITeS- 2,600 net new jobs in Gurgaon    

    • Construction & real estate-  9,800 net new jobs in Mumbai

    • Ecommerce & Technology Start-ups-  10,200 net new jobs in Bangalore

    • Educational Services- 23,100 net new jobs in Bangalore

    • Fast Moving Consumer Goods & Durables- 14,200 net new jobs in Mumbai

    • Financial Services- 6,800 net new jobs in Bangalore

    • Health & Pharmaceuticals- 6,900 net new jobs in Mumbai

    • Information Technology- 5300 net new jobs in Mumbai

    • Manufacturing, Engineering & Infrastructure-  8,800 net new jobs in Pune

    • Media & Entertainment- 8,600 net new jobs in Delhi

    • Power & Energy- 4,100 net new jobs in Mumbai

    • Retail- 25,950 net new jobs in Delhi

    • Telecommunications- 4,100 net new jobs in Bangalore

    • Travel & Hospitality- 7,200 net new jobs in Delhi

    • Consulting- 4,550 net new jobs in Bangalore

    • Logistics- 29,700 net new jobs in Mumbai

    • Marketing & Advertising- 7,100 net new jobs in Mumbai
       

  • Top sectors (by city) in terms of employment outlook growth:- 

    • Bangalore: Media & Entertainment [+5%] | Financial Services, Ecommerce & Tech Start-ups [+4% each] | Retail, BPO / ITeS, KPO [+3% each]

    • Delhi: Media & Entertainment, BPO / ITeS (4% each) | KPO, Construction & Real Estate, Retail [+3% each]

    • Hyderabad: FMCG/D, Ecommerce & Tech Start-ups, Media & Entertainment [+4% each] | Financial Services, Retail, KPO [+3% each]

    • Mumbai: Financial Services [+4%] | KPO, Construction & Real Estate, Ecommerce & Tech Start-ups, FMCG/D [+3% each]
       

  • Top sectors (by city) in terms of Net New Job Creation:-

    • Bangalore: Educational Services [23,100] | Retail [21,400] | Logistics [14,700]

    • Delhi: Logistics [26,900] | Retail [25,950] | Educational Services [16,800]

    • Hyderabad: Retail [14,800] |Fast Moving Consumer Goods & Durables [8,800] | Educational Services [8,100]

    • Kolkata: Retail [10,900] | Logistics [9,600] | Educational Services [6,600]

    • Mumbai: Logistics [29,700] | Educational Services [16,200] | Retail [16,100]
       

  • 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 –

    • 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]