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Presenting the survey findings, K. Pandia Rajan, Managing Director of Ma Foi Management Consultants Limited, said recently, “We have revamped the MEtS to enhance its salience by linking it to the macro economic trends driving industrial growth and employment generation in the national market.” The MEtS survey covered 2143 companies across nine industry sectors:
Banking and Financial Services Construction Communication and Transport Energy IT and ITES Mining Manufacturing Retail Other Services Key findings Of the 2143 respondents covered in the MEtS employers’ survey, more than 52 per cent have increased their workforce, while about 37 per cent have not affected any change in H1. In H1 of 2006, IT and ITES continued to be bullish, hiring at 11.91 per cent, followed by the construction segment at 6.43 per cent. The infrastructure boom is closely linked to the growth of the IT industry, and is amply reflected in these figures. The overall percentage increase of employee numbers over the last six months is 2.89 per cent across all sectors. In terms of industry sectors, the overall consistency was maintained with the five lead sectors here too being IT and ITES, construction, communication and transport, retail and other services, but with higher fluctuations in their MEI’s ranging from 16.15 per cent and 10.67 per cent in IT and ITES and construction respectively, to 3.92 per cent, 2.59 per cent and 2.14 per cent in communication and transport, retail and other services, respectively. Employee strength-wise, companies with staff strength in all three categories up to 100, between 101-500 and 501-1000 were running neck and neck, with MEIs of 4.6per cent, 4.93 per cent and 4.82 per cent, respectively, while companies in excess of 1000 employees had a relatively lower MEI of 2.56 per cent . As per the survey, among the top 20 hirers, the maximum numbers have been projected from the IT/ITES sector followed by manufacturing, transport and communication, energy and BFSI. Sixty per cent of these companies are from the private sector. Analysed on the basis of ownership, the private sector companies have clearly taken a lead in generating employment with an MEI of 6.26 per cent. The contribution of the public sector was comparatively negligible at 0.09 per cent, while the private sector was at a steadfast 2.44 per cent.
Employment forecast The total growth in number of jobs is expected to be over 10.30 lakh this year.The MGSSL highlighted the infrastructure industry, which anticipates tremendous growth, as a burgeoning sector of the construction vertical, with plans to focus on the other eight verticals in subsequent MEtS findings.
— TNS
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A resurgent Indian economy, upbeat and more bullish than ever before, has translated into a surge in the organised labour market, with the dynamism expected to be sustained throughout the year, and spilling over into the next year, according to the findings of a recent employment survey by Ma Foi.
