India’s economic turnaround has boosted the hiring rate in the organized sector. A study conducted by Ma Foi Randstand, a global manpower consulting firm, said that 153,564 jobs were created during January-March 2010 and another 347,463 are to be added by June-end. According to Ma Foi Chief Executive K. Pandia Rajan, “The organized sector in India accounts for merely 9 percent of jobs. The government, the public sector and the private sector each contribute to one third of jobs in the organized sector. So, the positive sentiment of the organized sector should expand to the unorganized sector as well. And the pace of job creation in India, in fact, is little faster than what we envisaged in our study.”
Briefing on the city wise job creation, Rajan said that Delhi is likely be the largest employment opportunity provider with 38,350 jobs, followed by Mumbai (27,650 jobs) and Chennai (11,900 jobs). These figures were derived after surveying the employment trends in 650 companies across 13 industry sectors in eight major cities – Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai and Pune. The 13 industry sectors from which the data was generated during the survey included Information Technology and IT Enabled Services (IT and ITES), banking, financial service and institutions (BFSI), Pharma, healthcare, trade, including consumer retail service, energy, transport, storage and communication, real estate and construction, hospitality, media and entertainment. Other than these sectors, manufacturing of non- machinery and equipments, education, training and consultancy sectors were also included in the survey.
