IT and BPO sectors: the bellwethers of Job Creation
- Author Meenu Kataria
- Published January 15, 2012
- Word count 414
The job sector has different creators when it comes to job creation, especially when it comes to jobs in India. But when we are down to number crunching, the IT and the BPO hold the distinction to have jointly created the maximum number of jobs for the job seeker, according to the latest report from Union Ministry of labor and employment. These together account for more than 15 lakh jobs, both in the category of direct and indirect category, beginning October 2008.This came at a time when the global recession was being set in motion and India was being hit by its effects and the top notch companies in these sector put a stop on new hires and even begin laying off staff.
A latest government survey regarding the employment scenario in India and how it is affected by the economic slowdown puts the figures of the jobs created by the IT and BPO sector at five times more jobs than all the others sectors that have been troubled by the recession.
As is quite visible, it can be seen that the recovery for this sector has been on a quick pace path post slump. One interesting aspect of all this setting is the creation of the indirect jobs, which comes to around three to five jobs that are indirectly created for each direct job. These jobs could be the ones that are created in eateries , restaurants, pubs etc that have been generated owing to the huge campuses and parks of the top notch IT and BPO companies which harbor considerable number of employees. And blue collar jobs are not the only ones being created. The white collared ones are also finding their way into the scene. The MBAs required managing the support staff is one example of this. Even similar effect is taking place in the sectors of hospitality and security whose services these sectors employ.
Even as of now, the growth forecasted is around 16-17%. The cumulative strength of all the major companies in the sector comes to around a staggering 25 lakhs. Interestingly, the largest ever employment drive for jobs in India was undertakes in the last fiscal only by one of the major companies, with around 70,000 odd professionals hired. There could even be a scenario of demand outstripping supply, which is hitherto seen in a market like India.
The sector looks promising for the job seekers and is very important for building up the confidence when it comes to employment in India.
Change your boss is a one stop shop for job seekers with easy to create and manage Resumes, Best Job Portal, Jobs in India, Job alerts and other services and providing intuitive search for employers. Visit us for details : www.changeyourboss.com/blog/
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- Find In-Home Senior Care Services Near You in Alabama: Expert Respite, Personal, and Dementia Care Solutions
- Elevate Your Entryway with a Statement Wall: Carved Wood Panels
- What Are the Comprehensive Senior Home Care Services in Prichard, AL for Trusted Respite and Dementia Care?
- Electronic Document Management System: Efficiency and Challenges in the Digital Age
- Best Air Conditioning Repair Service Queen Creek Florence Arizona
- How to Choose an Airport Transfer Service: A Guide for Stress-Free Travel
- Wirral Private Airport Transfers: Comfort, Convenience, and Class
- North Wirral Airport Transfers by Ventus: Trusted Travel from Coast to Terminal
- The Importance of Reliable Airport Transfer Services
- Find the Perfect Fireplace for Your Home
- The Pros, Cons, and Ethical Dilemmas of Employee Computer Activity Monitoring Software
- Over 40 and Ready to Mingle? Why Now Is the Best Time to Start Dating Again
- Whu buy an apartment in Manilva
- Best Electric Humidor: Top Picks for Effortless Cigar Storage in 2025
- They Tried Magic Mushrooms for Mental Health
- Sacred Balance: 5 Elements Chakra Healing with Mala Beads & Yantras
- Rooted in Heritage: The Rich Ranch Aesthetic with Antique Doors and Rustic Soul
- Carved Floral Barn Doors: A Shabby Chic Statement for Your Pantry & Laundry Room
- Confusion and Anxiety: Lincoln and the Days Before the Civil War
- How Website Maintenance & Security Protects Your Online Presence
- 5 Best Mortgage Brokers for Bad Credit UK
- 7 Best Mortgage Brokers in Derby
- Maximising Space and Efficiency: The Power of Dual-Purpose Fitness Machines
- Types of Eco Friendly Food Packaging
- Where Can You Find Lighting Stores in Brampton to Illuminate Your Home & Office?
- What Are the Top Real Estate Videography and Photography Services in CA?
- The Rise of Employee Performance Monitoring Tools: Balancing Productivity and Privacy
- **My Vietnam Trip in a Nutshell: A Journey Through Youth, Chaos, and Discovery**
- How to Find a Reliable Magnetic Lash Manufacturer: A Guide for Beauty Entrepreneurs and Salon Professionals
- How the IRS Is Cracking Down on Tax Debt (And What You Can Do About It)