Delhi-NCR records highest job creation in July: Assocham

Despite fear of slowdown in services and export sectors, the Delhi-NCR region continues to create job opportunities followed by major tier I cities as India Inc registered significant growth in July as against the corresponding period of last year, according to The Associated Chambers of Commerce and Industry of India (ASSOCHAM).

The Assocham Placement Report released today analysed latest trends in job openings in wake of the recent slowdown in manufacturing sector among 56 major Indian cities across 32 sectors from a sample of 1.1 lakh job opportunities.

However, attrition in some of these sectors rose phenomenally at the rate of over 55% with a significant visible movement in junior, mid and senior management levels.

With a share of 76% in total job creation, tier I cities emerged as most lucrative employment destinations for aspirants across India, while tier II and tier III cities acquired a meagre 12% share each, says the study conducted by Assocham Research Bureau.

An estimated 84,254 jobs were generated in tier I cities during the said period. Among these Delhi-NCR, Mumbai, Bangalore and Chennai emerged on top with 18.5%, 12.6%, 10.5% and 7.5% share respectively.

Hyderabad, Pune, Kolkata and Ahmedabad accounted for 6.9%, 6.5%, 5.7% and 4.6% respectively.

“Hiring activity in July has been widespread across all management levels as key industry sectors look to consolidate their staff strength to improve their business activities even as macro-economic scenario in the later half of FY 2011-12 slumped a bit,” said D S Rawat, secretary general of Assocham.

IT sector acquired lion’s share of 36.3%, while banking and financial services sector has ranked second with 8.5% share followed by automobile and education sectors which have registered 5.7 and 5.5% share respectively in total employment generation in July, says the chamber study.

Manufacturing and engineering sectors accounted for a share of 4.5% and 3.9%. Hospitality, telecom, FMCG and pharma sectors remained almost equal with each acquiring a share between 2-3%.

The share of sectors like advertising, construction, event management, HR, infrastructure and real estate in total employment generation was almost negligible.

“As per our projections a robust growth in employment generation across varied sectors is expected during rest of the year and a healthy growth of 15 to 20% is expected this year over last year,” said Mr Rawat.

Tier II and III cities registered a tremendous growth rate of 207.5% and 607.6% respectively as in July 2011 over the corresponding month of July 2010.

About 13,776 job opportunities came up in tier II cities as Chandigarh (2.3%), Lucknow (1.1%), Vadodara (0.9%) and Jaipur and Patna (0.8% each) emerged on top in this category. Surat, Guwahati and Indore registered 0.7% share each in total employment generation, says the study.

Coimbatore, Kochi, Vizag, Mysore, Nagpur, Meerut, Vijaywada and Bhopal acquired a share between 0.6% and 0.5% each.

Number of jobs in tier III cities rose from 1,808 in July 2010 to 12,768 as of July 2011. Bhubaneswar, Mysore, Cuttack, Raipur, Ludhiana and Gandhi Nagar registered highest opening in this category.