The Hindu Business Line : Ma Foi to convert quarterly employment survey to half-yearly

MA Foi, the Chennai-based human resource services provider, will convert its quarterly MEtS (Ma Foi Employment Survey) into a half-yearly exercise and align it with National Sample Survey indicators to make it more effective.

The survey would also try to pick absolute number of jobs and not just the percentage figures. The quarterly survey that covers 17 industry sectors aims at assessing the employment activity in the country.

"We have tied up with the Indian School of Business to create a robust model for the survey," Mr K. Pandia Rajan, Managing Director of Ma Foi, said.

He was in the city in connection with the inauguration of the fifth Ma Foi Academy.

Addressing newspersons here on Friday, he said the quarterly surveys were not able to pick trends, as the period was too short. The idea was to make the survey a prognostic one. The results of the revamped survey would be out in December.

The last survey conducted for the July-September quarter covered 2,092 employers in 17 sectors. This included 95 public sector and 1,997 private sector companies. The average rate of attrition for all the sectors was put at 7.72 per cent. ITES (information technology enabled services) and IT recorded highest attrition rates of 23.63 per cent and 16.82 per cent, respectively.

Mr Pandia Rajan said the company would open 150 academies in different locations by the end of September next. The courses offered at the academies would enhance employability capacities of the aspirants. After expansion, the academy network would have thea capacity to generate Rs 50 crore.

The company, which recorded revenues Rs 122 crore (January-December 2004), expected to achieve Rs 205 crore this year, growing at 75 per cent.

Ma Foi would also expand to Bahrain, Qatar and Kuwait by the year-end and to Australia in the first quarter of next year.

Talking on the trends in employment scene, he said West Bengal had emerged the leading State with the highest conversion rate (number of people interviewed versus the number picked). Against a national average (for the company) of 2.5 per cent, West Bengal recorded seven per cent.

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