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White-collar jobs focused in 7 cities


 

 

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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