IT & ITES sector to add 1, 83,000 Jobs
One of the major job providers during Q4 2010, it is expected to keep growing in
2011 as well according to a recent survey, says Vijay Pandya.
The growing significance of emerging markets like India and
China, has led to many
global corporations including these countries, in their growth and
workforce strategies. At the beginning of 2010, the Ma Foi
Randstad Employment Survey had predicted creation of 1 million jobs in
the organized sector through the year.
Its year-end METS shows creation of 1.13 million jobs across 13 industry verticals.
Healthcare, Hospitality, Real Estate, Construction, IT and ITeS sectors played a
major role in 2010 in fuelling the growth and job creation.
For 2011, they expect the trend to continue and estimate creation of 1.6 million
jobs across various sectors. A large number of these jobs are envisaged to be happening
in the Healthcare, Non-machinery Manufacturing, Hospitality, IT & ITeS and Real
Estate & Construction sectors.
According to the METS first edition of 2011, the service sector indicators reflect
continuation of growth momentum. Though the external demand remained relatively
weak, indicators related to transportation and financial sectors look reasonable.
Employment generation has remained stable and upbeat in most of the sectors.
The IT & ITES sector is expected to add 183,000 jobs in 2011.
IT & ITES sectors have remained as one of the major job providers during the fourth
Quarter of 2010. The responses from the surveyed companies suggest that the sector
will keep growing in 2011 as well.
According to NASSCOM, the IT-ITeS industry is India's one of the largest employment
generators in the organized sector creating jobs for over 10 million people both
directly and indirectly. The spread of the IT-ITeS sector to the tier II and tier
III cities has further widened the growth potential of the sector thereby generating
more employment. Increase in number of rural BPOs has also contributed to the sector's
role in increasing employment across the country.
However, the process of geographical dispersion of the industry is being adversely
affected by the non-extension of the STPI scheme and attendant tax incentives. A
proactive role on part of the government will lead to increased job creation in
the sector. Companies in this sector are consciously moving up the value chain in
the journey of outsourcing, to stay competitive in the global arena. This has impacted
the employment trends in this sector.
Increase in lateral job shifts among employees within the sector has resulted in
substantial increase in the salary levels, for the new hires, as well as for existing
employees.
Total jobs in the sector :
Estimated December 2010 : 1,918,865.
Expected June 2011 : 2,019,665.
Expected December 2011 : 2,101,865.
Courtesy: DNA India
