Barring the pharmaceutical and energy sectors, hiring in all other
major industries is going to be subdued with a shortfall of
229,500 fresh jobs as compared to the projected levels of 2011, a
survey said wednesday.
The research was by human resource company Ma Foi Management
Consultants Ltd .
"The pharma and energy sectors are expected to exceed their
projected hiring figures this year. (They) ... are likely to close
2011 creating 50,000 and 28,700 jobs, respectively, as against
projected numbers of 49,400 and 24,900 jobs," Managing Director
and Chief Executive Officer of the company E. Balaji said.
"Overall there will be a shortfall of 229,500 fresh jobs creation
against an earlier projection of around 1.6 million new jobs," he
India Inc is expected to add 346,000 jobs during the fourth
quarter of 2011 as against 326,400 jobs created in the third
quarter, he said.
The survey was conducted among 676 companies across 13 industry
segments spanning eight Indian cities.
According to Balaji, the company conducts such surveys in every
quarter of a calendar year.
The slowdown in the economy and increasing domestic inflation has
resulted in sectoral variation in the employment outlook, he
Although new jobs are added, it is at a slower pace, he stated.
The healthcare sector continues to lead in job generation by
adding 60,400 jobs in July-September, 2011, followed by
hospitality with 48,400 jobs and information technology (IT) and
IT Enabled Services (ITES) sectors with 46,600 jobs during the
same period, the research stated.
But the numbers are lower as compared to the projections made at
the beginning of the third quarter as healthcare sector was
expected to add 63,800 jobs, hospitality 54,400 jobs and IT and
ITES 55,500 jobs.
The hospitality sector had projected a creation of 218,200 fresh
jobs in 2011 but is likely to end up adding 183,400 fresh jobs,
Similarly the non-machinery manufacturing sectors (chemicals,
process industries and others) are expected to close 2011 adding
155,900 jobs against a projection of 223,400 jobs.
Banking, financial services and insurance (BFSI),
education/training/consultancy, machinery manufacturing, retail,
logistics, media and entertainment are some of the other sectors
that would close 2011 with lower fresh job creations compared to
the projections made earlier, Balaji said.
Nevertheless the top five employment generating sectors during the
fourth quarter are expected to be healthcare, hospitality, IT and
ITES, non-machinery manufacturing, media and entertainment, Balaji
"In terms of major cities, Mumbai is expected to add 27,300 jobs
followed by New Delhi/National Capital Region with 25,300 and
Chennai 16,600 jobs during the fourth quarter," he said.
The hiring of freshers was the highest in the hospitality sector
while hiring of experienced manpower was the highest in the energy
Recruitments using referrals and social media are also on the rise
by the Indian corporates, according to the research.