The net employment outlook for the imminent six months April 2017-September 2017.
The report aims to :
•Measure trends in hiring sentiment across the country, and estimate Job Growth, by city and sector.
•Drill across geographies, business size and hierarchy to provide additional dimensions of the statistic.
•Identify the key drivers of hiring sentiment at a ‘big-picture’ as well as sector-level.
Note: The Employment Outlook and Job Growth statistics need to be read together for each sector for better understanding of the trends.
Employment Outlook dips sharply, by 6 percentage points, for the forthcoming half year, April – September, 2017. Sectors are equally split between positive and negative hiring sentiment as they gradually recover from the after-effects of demonetization
•Sentiment is negative across geographies, but tier-2 cities more so (6 points down) than the rest. Employers are scaling down Entry (8 points down) and Mid level (5 points down) hiring quite drastically, and Senior level hiring is up significantly (5 points up).
•Large businesses are the least affected and are set to hire more during the coming half year (sentiment up 3 points), while the sentiment for small businesses is substantially down (10 points). Medium sized businesses plan to hire less as well (sentiment down 3points).
•IT, Engineering and Blue Collar roles gain prominence as sentiment for these improve by 4, 2 and 2 points respectively. Lesser Sales and Marketing jobs would be created over the next six months as employer sentiment is significantly down (7 and 5 points respectively).
•The Financial Services sector makes the most of the cashless environment with a 5 point increase in hiring sentiment. Healthcare & Pharma and Knowledge Process Outsourcing improve further (3points each) on their consistent track record. Construction & Real Estate and Manufacturing, Engineering and Infrastructure are the worst affected (8 and 5 points down, respectively).
The top three sectors (by city) in terms of employment outlook growth are -
•Mumbai: : Financial Services (5%) | Telecommunication (3%) | Healthcare & Pharma (2%)
•Delhi: Financial Services | Ecommerce & internet startups | KPO (4% each)
•Bangalore: KPO (4%) | Ecommerce & internet startups (3%) | Financial Services (3%)
•Kolkata: Financial Services (3%) | Media & Entertainment (3%) | Educational Services (2%)
•Chennai: Financial Services (3%) | Telecommunication (3%) |Retail (2%)
•Pune: Telecommunication (4%) | Ecommerce & internet startups (4%) | KPO (3%)
•Hyderabad: Media & Entertainment (5%) | Financial Services (4%) |Ecommerce & internet startups (3%)
•Ahmedabad: Agrochemicals | Retail | Travel & Hospitality (2% each)