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White-collar jobs focused in 7 cities
Financial Express - Bombay,India
White-collar jobs focused in 7 cities
White-collar jobs are concentrated in seven Indian cities,
including four metros, with Mumbai generating the maximum
employment opportunities and Kolkata remaining the laggard.
According to an Assocham Eco Pulse (AEP) Study on white
collar jobs, besides Delhi, Mumbai, Chennai and Kolkata,
three other cities of Bangalore, Hyderabad and Pune are
catering to the country’s job seekers.
On the other hand, a large number of big cities including
Nagpur, Baroda, Guwahati, Raipur, Jammu, Roorkee and
Shillong as covered by the AEP Study tracking over 7,558 job
advertisements contributed negligibly to the job market.
Mumbai, Delhi and Bangalore have emerged as the top three
Indian cities in terms of generating white-collar jobs with
the financial capital of the country alone accounting for
28% of the new employment opportunities.
On the other end of the scale, measured by the AEP, Chennai
and Kolkata with 6% and 2% of jobs creation, respectively,
were the worst performers amongst the four metros in
generating employment opportunities.
“Mumbai lived up to its name of being the financial capital
creating the maximum job opportunities. The annual budget
places emphasis on making Mumbai as the regional hub for
finance. Such initiative will give further impetus towards
job creation,” Assocham president Mahendra K Sanghi said
while releasing the AEP study recently.
Delhi was the runner-up in terms of job creation; 25% of job
placements were accounted for by this city while Bangalore
emerged as the third best with 24% of the positions
advertised.
The city-wise analysis showed that the other two cities
contributing to employment generation include Hyderabad and
Pune which created 11% and 3% of the total jobs,
respectively .
In absolute terms, of the total 7,558 job positions tracked
by AEP, Mumbai accounted for 2,147 of the job advertisements
while Delhi/NCR provided 1,901 job opportunities and
Bangalore created 1,790 job positions. The other
contributors were Hyderabad with 807 insertions, Chennai
(426), Pune (214) and Kolkata (135).
The sector-wise analysis shows that IT and IT-enabled
services contributed maximum to the employment market
creating 45% of the white collar jobs tracked in the last
two months.
The AEP interaction with industry leaders indicated that the
IT-enabled sector is set for a huge growth and the
commensurate impact on the job creation would be visible in
the next few years. The Indian Business Process Outsourcing
(BPO) sector is set to grow at a phenomenal pace from $4
billion to $15.5 billion by 2008. Inherent cost advantage,
large pool of skilled manpower and availability of domain
expertise will remain the key drivers for growth.
The financial sector emerged as the second biggest source of
jobs contributing 24%, while marketing accounted for 10%.
In Delhi and the National Capital Region again, IT and BPOs
remained the biggest market for job-hunters (36%). Finance
was the second runner-up with 25%, followed by HR with 13%;
12% of the openings were in marketing and 6% in engineering
in Delhi and NCR.
Chennai was responsible for creating 6% of the country’s
placements. Finance accounted for a lion’s share of 42% of
the offers leaving 22% for IT and IT-enabled sectors. As far
as Pune is concerned, 25% of the city’s offerings have gone
to finance.
Kolkata seems to be catching up. Though a late starter, IT
and BPOs have started coming up. Finance created the maximum
opportunities in the city(31%) and IT and IT-enabled and
marketing (23%) were the next best . |
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