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Tier-II cities ahead of metros in job creation
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Tier-II cities ahead of metros in job creation
The tier-II cities have outpaced the metropolitans in creation of white collar jobs in the private sector, indicating a recovery in the overall employment market.
Employment opportunities in the private sector increased by close to 30 percent in the second rung cities, while in top metros, they improved by about six percent in the first seven months of the current fiscal, the study by Assocham found.
However, the job creation in Delhi NCR showed a decline of 23.42 percent and in Mumbai by 3.28 percent this fiscal compared to last financial year. But bulk of the employment among the metros got generated in the two cities, with Delhi claiming 34 percent and Mumbai over 13 percent share between April-October this fiscal.
For smaller cities, the job market worsened signaling "the benefits of the stimulus packages have yet to percolate down," the chamber said. Assocham President Swati Piramal expressed concern over the lack of opportunities in the small cities stating "migration of youth towards bigger towns would continue." The sectors which did well included banking and financial services and education.
Employment generation in the IT and IT enabled services sector, which cornered about 30 percent share in total white collar job creation, fell by 7.84 percent during the period. However, the education sector recorded a robust rise of 31.54 percent in the jobs tracked by the chamber.
In all, the study found 3,21,294 job offers on different portals between April-October 2009 against 3,00,000 in the same period last year.
Source:
http://www.siliconindia.com/shownews/TierII_cities_ahead_of_metros_in_job_creati
Employment opportunities in the private sector increased by close to 30 percent in the second rung cities, while in top metros, they improved by about six percent in the first seven months of the current fiscal, the study by Assocham found.
However, the job creation in Delhi NCR showed a decline of 23.42 percent and in Mumbai by 3.28 percent this fiscal compared to last financial year. But bulk of the employment among the metros got generated in the two cities, with Delhi claiming 34 percent and Mumbai over 13 percent share between April-October this fiscal.
For smaller cities, the job market worsened signaling "the benefits of the stimulus packages have yet to percolate down," the chamber said. Assocham President Swati Piramal expressed concern over the lack of opportunities in the small cities stating "migration of youth towards bigger towns would continue." The sectors which did well included banking and financial services and education.
Employment generation in the IT and IT enabled services sector, which cornered about 30 percent share in total white collar job creation, fell by 7.84 percent during the period. However, the education sector recorded a robust rise of 31.54 percent in the jobs tracked by the chamber.
In all, the study found 3,21,294 job offers on different portals between April-October 2009 against 3,00,000 in the same period last year.
Source:
http://www.siliconindia.com/shownews/TierII_cities_ahead_of_metros_in_job_creati
