64 per cent employment seeking households have found a job since 2014

During 2014-2018, around 64 per cent of the employment seeking households have found a job at least for a member of their respective families, according to a survey conducted by PHD Chamber of Commerce and Industry.

According to the survey study, 75 per cent of the household respondents were in search of a job of which 64 per cent were able to find a suitable job for them.

The findings mentioned that the majority of the respondents found jobs in banking sector (12.5 per cent) and education and training (12.1 per cent) followed by IT and ITeS (11.6 per cent).

On the other hand, sectors such as tax, data analytics, consulting, legal services, police services, teaching, fashion designing were also the major employers in the last five years.

“It is inspiring to know that the youth in the country have been able to find jobs in the last five years, as 86 per cent of the respondents who found the jobs were aged between 18-35 years at the time of joining of their jobs,” said Rajeev Talwar, President, PHD Chamber.

The survey revealed that the private sector was the major employer in the last five years, creating 60.4 per cent of the jobs, followed by government sector (21.2 per cent), self employed (5.2 per cent), public sector (5.1 per cent), Public Private Partnership (3.3 per cent) and others (4.8 per cent).

“It has been observed that the percentage of the respondents who were seeking jobs and were able to find jobs was highest in metro cities (77 per cent), followed by Tier-II cities (67 per cent), tier-I cities 61per cent and rural areas 49 per cent”, said Talwar,

It further revealed that the new entrants in the job market were earning well as 60 per cent of the respondents were drawing monthly salary in the range of between ₹ 10,000 to ₹ 50,000. The survey added that the median salary of the respondents was ₹ 31252.28.

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