• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mr K. Pandia Rajan, Managing Director, Ma Foi Management Consultants.

New Delhi , Nov. 30

HIRING by IT and IT-enabled services companies in India will go up by 13 per cent in the third quarter of the current fiscal as compared to the previous quarter.

As per the Ma Foi Employment Index (MEI) released on Tuesday, hiring by the IT and BPO industry in the country will grow by 13 per cent during October to December as compared to the second quarter period in 2004, followed by the trade related industry with a six per cent growth in the third quarter, and the healthcare industry at 5.34 per cent.

Overall the survey has found that the hiring confidence is upbeat with the 3,295 companies covered looking at creating 90,534 jobs in the quarter. Ma Foi Employment Index is a comprehensive quarterly survey analysing the employment trends in the Indian economy.

According to the survey, of the top 20 companies in the list of best hirers, nine are from the IT and ITeS sector, followed by four from infrastructure, two each from pharma and manufacturing and one each from power and consumer durables.

The survey conducted across 18 industry sectors and 3,295 companies in the country shows that while smaller companies with less than Rs 100 crore turnover showed an employment generation of 6.1 per cent, those having a turnover of more than Rs 1,000 crore was pegged at 0.91 per cent.

According to Mr K. Pandia Rajan, Managing Director, Ma Foi Management Consultants, the overall Net Hiring Confidence (NHC) level, which captures the hiring intention or confidence level of the employer, for the current (Oct-Dec) quarter is 84 per cent, with the healthcare sector showing a 100 per cent confidence to go for fresh recruitment.

NHC level for healthcare employment was followed by IT&ITeS at 98 per cent, education at 92 per cent, transport at 90 per cent, export and import at 88 per cent and auto and auto ancillaries at 84 per cent.

Mr Rajan added that if the findings of the survey were projected to cover the entire economy, overall job creation in the quarter would be pegged at 6.38 lakh.

More Stories on : Human Resources | Software

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Intelligroup CEO gets award

Copyright © 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line