BackIT jobs lead despite rupee pressure
IT jobs lead despite rupee pressure
Premium
New Delhi: Despite a rising rupee putting pressure on the margins of software exports, IT sector continues to create the largest number of white collar jobs during April-July 2007 followed by financial services and sales and business development, according to Assocham’s Pulse (AEP) Study titled, ‘Vacancies during April-July 2007’.
Findings
* IT jobs constituted almost 24% of the 1,47,100 openings listed on the job portals and in newspapers during the same period.
* Share of financial offers and sales and business development jobs was about 14.5% and 13.5% respectively.
* Booming construction and engineering sector formed 8.7% of the employment opportunities generated in the four months.
Methodology
*Assocham Research Bureau tracked the various vacancies advertised via online job portals and newspapers, across tsectors, during the four months of April to July 2007.
*The study incorporated employment opportunities arising in all levels of the management hierarchy including senior management and middle management, as also the foreman, support staff etc.
Leaders of the pack
* Tech savvy IT jobs led the vacancies listed on job portals as well with close to 26% of them being IT jobs.
* IT and ITES provide employment to more than 1.6 million people directly and to about 4 million indirectly. It comprises both software as well as hardware operations.
*IT openings formed just about 10% of the total ads in the newspapers indicating that newspaper is not the preferred route of advertising for Information Technology jobs.
* Jobs in sales and business development have beaten financial services sector on job search engines. While the former had a 15% share, the latter accounted for about 11.5%.
*Sectors such as retail, telecom, hospitality, banking and insurance have created tremendous prospects for those aspiring for a career in sales.
* With service sector clocking double-digit growth, finance professionals are in demand. Close to 51% of total vacancies advertised in newspapers in April to July 2007 were for financial professionals.
*Maximum demand for finance personnel emanated from sectors like banking, trading and real estate. Financial sector is estimated to hire 1,40,000 recruits this fiscal.
*Infrastructure and construction boom has led to manpower shortage of close to 50 to 60% in construction and engineering sector.
Recommendations
*Vacancies in education sector are predominantly advertised via newspapers’ classified columns. Almost 26% of the jobs advertised in newspapers were for posts of lecturers, teachers and other non-teaching staff. Majority advertisements were for schools and colleges, though online portals made up for only 4.5%.
* Jobs for HR/administration professionals contributed 7% per cent in both avenues combined. Owing to soaring salaries and high attrition rates (upto 70%), role of HR management assumes greater significance.
* Manufacturing jobs comprised just 6.75% of vacancies and jobs included openings in production, maintenance and safety controls among others.
* According to Economic Survey 2006-07, the sector employed close to one-fifth of the total workforce in public and private sector in 2003-04. However, a majority of manpower in manufacturing was in the unorganized sector.
Other professions such as medical, law, media, airlines/ticketing etc. constituted almost 19.5% of situations advertised on portals and in newspaper classifieds.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!
