2015

TEAMLEASE EMPLOYMENT OUTLOOK REPORT - APRIL 2015 TO SEPTEMBER 2015

2015

Employment Outlook Survey - This half yearly edition from TeamLease bring you various new insights across sectors, cities and functional areas.

Summary of the report

• Business and Employment Outlook, and Job Growth, trends flag marginally after three subsequent half-years of growing at a blistering pace. The dip in Employment Outlook [-2%] is a wee-bit more pronounced than the Business Outlook [-1%], a pattern that has become familiar by now – employers prefer to have hiring lag business. Macroeconomic factors, mostly, play out this rather somber scenario as forecast for the coming half-year.

• FMCD [+4%], Manufacturing and Engineering and Retail [+3%, each] and Delhi, Mumbai and Chennai [+5%, each] do marginally better than the previous half-year on Business Outlook while Infrastructure and Telecommunication [-4%, each], and Hyderabad [+5%] and Kolkata [-7%] lose. The rest of the sectors and cities hold on to their previous outlook numbers.

• IT, Manufacturing and Engineering and Retail [+4%, each] lead the sectors, and Delhi [+4%], Mumbai and Pune [+3%, each] lead cities for the Employment Outlook. Telecommunication, Hyderabad and Kolkata bring up the rear with a 5% loss, each, in Employment Outlook. The remaining sectors and cities have unappreciable changes in their outlook.

• A significantly lower Job Growth rate for the half-year may still bolster jobs significantly for FMCD [+2.32%] and Infrastructure [+2.06%] among sectors, and Mumbai [+2.19%] and Bangalore [+1.58%] among cities.

• The Junior- (1 – 3 years’ experience) [+4%] and Senior-level [+2%] hires continue to be popular with employers. IT / Engineering nd Blue Collar [+3%, each] hires are likely to be sought after as well, over the coming half year.

• Top three sectors (by city) in terms of employment outlook growth are - 
o Mumbai: FMCD (3%) / Manufacturing & Engineering (3%) / Information Technology (2%)
o Delhi: Manufacturing & Engineering (3%) / Information Technology (2%)/ FMCG (2%)
o Bangalore: Infrastructure (2%) / Telecom (1%) / FMCG (1%)
o Kolkata: Manufacturing & Engineering (4%) / Financial Services (1%)
o Chennai: Manufacturing & Engineering (6%)/ Information Technology (3%) / Healthcare & Pharma (3%)
o Pune: Information Technology (2%)/ FMCG (2%)/ Retail (2%)
o Hyderabad: Healthcare & Pharma , Telecom(1% each)
o Ahmedabad: Infrastructure (3%) / FMCD (2%)

• New domains such as Big Data and Predictive Analytics are accelerating the need for a highly sophisticated workforce, and at scale. The skills required for a Big Data analytics function are diverse and are rooted in mathematics and statistics, besides programming skills. This domain, by itself, affords an entire hierarchy of data analyst job profiles, each of which is both intellectually and monetarily rewarding. Demand, across the hierarchy illustrated here, will likely far outstrip supply.

• Startups and Recruitment Process Outsourcing (RPO) are emergent trends associated with rapidly increasing scale of hiring. The next edition of the report would elaborate on these trends.

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ESI IMPLEMENTATION FOR NEW AREAS IN UTTARAKHAND

ESI implementation for new areas in Uttarakhand.

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ESI IMPLEMENTATION FOR NEW AREAS IN KERALA

ESI implementation for new areas in Kerala.

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ESI IMPLEMENTATION FOR NEW AREAS IN BIHAR

ESI implementation for new areas in Bihar.

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UTTARAKHAND RATES OF WAGES REVISED UNDER MINIMUM WAGES ACT 1948

Uttarakhand rates of Wages Revised under Minimum Wages Act 1948.

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KERALA CONSUMER PRICE INDEX NUMBERS REVISED UNDER MINIMUM WAGES ACT 1948

Kerala Consumer Price Index numbers revised under Minimum Wages Act 1948.

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MAHARASHTRA RATES OF WAGES REVISED UNDER MINIMUM WAGES, ACT 1948

Maharashtra rates of Wages Revised under Minimum Wages, Act 1948.

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WEST BENGAL RATES OF WAGES REVISED UNDER MINIMUM WAGES, ACT 1948

West Bengal rates of Wages Revised under Minimum Wages, Act 1948.

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ODISHA RATES OF WAGES REVISED UNDER MINIMUM WAGES, ACT 1948

Odisha rates of Wages Revised under Minimum Wages, Act 1948.

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EXTENTION OF ESIC SCHEME

Extention of ESIC Scheme.

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MAHARASHTRA NOTIFICATION NO. CLA-10/2014/C.R.264/LAB-10

Maharashtra Notification No. CLA-10/2014/C.R.264/Lab-10.

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GOVERNMENT OF MAHARASHTRA VIDE GOVERNMENT RESOLUTION NO. MISC-2015/CR-76/DESK LAB-9

Government of Maharashtra vide Government Resolution No. MISC-2015/CR-76/Desk Lab-9.

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ANDHRA PRADESH RATES OF WAGES REVISED UNDER MINIMUM WAGES, ACT 1948

Andhra Pradesh rates of Wages Revised under Minimum Wages, Act 1948.

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DAMAN & DIU RATES OF WAGES REVISED UNDER MINIMUM WAGES, ACT 1948

Daman & Diu rates of Wages Revised under Minimum Wages, Act 1948.

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KERALA CONSUMER PRICE INDEX NUMBERS REVISED UNDER MINIMUM WAGES, ACT 1948

Kerala Consumer Price Index numbers revised under Minimum Wages, Act 1948.

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REDUCTION IN THE RATE OF ADMINISTRATIVE CHARGES

Reduction in the rate of Administrative charges.

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EMPLOYEES PENSION SCHEME 1995

Employees Pension Scheme 1995.

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SALARY PRIMER

The Salary Primer is an annual compilation of temp and perm market salaries across the most relevant geographies and industries, accompanied by trends and insights which add value to hiring and talent management decisions our stakeholders make.The Primer serves as a guide for both job seekers and employers to obtain relevant information and useful insights on talent, skills, salaries, increments and talent longevity.

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GUJARAT LABOUR WELFARE FUND

Gujarat Labour Welfare fund can be paid online

* EFFECTIVE DATE : 12th December 2014

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GUJARAT RATES OF WAGES REVISED UNDER MINIMUM WAGES, ACT 1948

Revised rates of wages for all industries/ categories in Gujarat.

* EFFECTIVE DATE : 26th December 2014

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