E-commerce and Tech Start-ups to Dominate the Job Market as Top Hirers
Demand for Sales, IT and other blue collar profiles to rise by 9 percent
With the increase in consumer spending and the repeated emphasis on market expansion, the hiring scenario in India will improve significantly states TeamLease Employment Outlook Report. The report also says that E-commerce and tech start-ups alone, the top contributor to net addition of jobs, will see a 23.6% growth in jobs from April to September’16.
A comprehensive study on the employment sentiments across industries according to the report, 6 out of the 9 sectors studied have expressed interest in hiring. With a 3 and 2 point increase in intent talent in FMCG, telecom and e-commerce & start-up will be the biggest gainers this six months.
Sales, IT and blue collar profiles will benefit considerably from the net positive sentiment as long as the functional areas are concerned. The rush to acquire dynamic and delivery skills appears to be boosting the blue collar jobs enormously. The profile will witness a 9 percentage increase in demand.
A city-wise report on top three sectors in terms of employment outlook growth as per the study:
o Mumbai: Healthcare & Pharma (4%) / Telecom (3%) / Information Technology (3%)
o Delhi: Healthcare & Pharma (8%) / Retail (4%) / Infrastructure (4%)
o Bangalore: Retail (6%) / Financial Services (5%) / Healthcare &Pharma (3%)
o Kolkata: Financial Services (4%) / Healthcare & Pharma (4%) / Infrastructure (3%)
o Chennai: Manufacturing & Engineering (6%) / Telecom (3%) / Retail (3%)
o Pune: Financial Services (6%) / Healthcare & Pharma (5%) / Manufacturing & Engineering (4%)
o Hyderabad: Infrastructure (3%) / Telecom (4%)
o Ahmedabad: Infrastructure (6%) / Telecom (4%) / Retail (3%)
Explaining on the report, Mr. Kunal Sen, Senior Vice President, TeamLease Services said, “Make in India initiative which was the critical driver of employment sentiment over the past couple of half-years seems to be losing its sheen. In fact, the job market is maturing and giving way to business growth leading hiring.”
The study covers 9 key industry verticals such as FMCG, Manufacturing &Engineering, BFSI, Telecommunication, Pharma & Healthcare, IT & KS, Retail and E-commerce & Technology Start-ups across 8 cities.