February 4, 2009
Over 500,000 people were rendered jobless between October to December 2008 due to the recession, according to the latest government study.
The findings are part of a first of its kind survey conducted by the Labour Bureau of ministry of Labour and Employment as part of a study on the effect of economic slowdown on employment in India.
A sample size of 2,581 units covering 20 centres across 11 states was taken up for the survey.
PTI
Eight major sectors like textile and garment industry, metals and metal products, information technology and BPO, automobiles, gems & jewellery, transportation, construction and mining industries were also included in the survey.
The total employment in all these sectors had come down from 16.2 million in September 2008 to 15.7 million by December 2008.
Exporting units had observed a higher decline in employment with gems & jewellery sector shedding 8.43 per cent of its work force. This is followed by metals and textile sector which laid off 2.6 per cent and 1.29 per cent of their work force, respectively.
Among the domestic sector units, gems & jewellery sector again witnessed the maximum decline in employment with 11.9 per cent of their work force losing jobs.
This was followed by automobiles and transport sectors who shed 4.79 per cent and 4.03 per cent of their work force.
The study also found that the overall decline in contract workers was observed to be 3.88 percent during the period in comparison to only 0.63 per cent decline for direct employees.
Contradicting popular belief that the IT and BPO sector during the same period had seen retrenchment the sector had in fact increased its employment marginally by 0.33 per cent.
The government, which has so far said that the economic slowdown would have very little impact on the economy other than on parts of the financial system linked to the United States, now agrees with findings of international studies which suggested that developing economies will be impacted by the recession
"The global slowdown has its implications on the domestic economy. . . The Ministry of Labour and Employment also took a serious note of the economic slowdown and it felt the need to have an assessment of its impact on employment to enable the government to take preventive and ameliorative measures to arrest the decelerating employment in the country," Ministry of Labour and Employment secretary Sudha Pilla said.
All eight industry sectors had experienced an average decline in earnings by 3.45 per cent during October to December 2008. Overall capacity utilisation had reduced by 1.32 per cent per month during the period, with automobile sector witnessing a monthly decline of 7.05 per cent.
Showing posts with label Employment - Opportunity and Crisis. Show all posts
Showing posts with label Employment - Opportunity and Crisis. Show all posts
Wednesday, February 4, 2009
Wednesday, April 30, 2008
Dark side of the jobs boom in India - An article compiled from http://www.rediff.com/money/2008/may/01guest.htm
I found this articl interesting and eye opener so I'm presnting this for my reader for details they may visit http://www.rediff.com/money/2008/may/01guest.htm hope evry one will enjoy and learn from this.
Dark side of the jobs boom in India - By Shyamal Majumdar - May 01, 2008
Smita Rajan (name changed), an MBA from one of the lesser-known B-schools in Mumbai, was glad when she got a job at one of India's leading private sector banks in its marketing department. The salary was alright for a beginner and the career prospects sounded rosy enough.
A year later, Smita's father has managed a Rs 5 lakh personal loan -- the amount Smita is bound to pay her employer if she quits before two years. "She signed a bond with her employer. But I would rather pay the high EMIs than see my daughter go through this daily torture," he says.
Here's his version of what Smita has to go through at her workplace: the 24-year old MBA graduate has to maintain a 9 am to 10 pm routine everyday; her job profile requires her to do door-to-door canvassing for opening accounts; and the monthly variable component of her salary has been cut by Rs 8,500 at least thrice for failure to meet the targets. "You surely don't need an MBA to do this job. My daughter is a psychological wreck as the bank has destroyed her confidence," Smita's father says. The bank apparently has appointed MBAs even to man the teller machines!
To be sure, Smita isn't alone. There are countless other examples of the uglier side of the much-hyped jobs boom in India.
Debashis Bhowmick (name changed) is an engineering graduate from one of the lower-rung private institutes in Kolkata. He came to Navi Mumbai to join a windmill company which has its headquarters in Europe. The quality of the job, however, was "slightly better than that of a security guard," he says. Bhowmick, who was lucky enough to find another job within four months, says his earlier boss had asked him to prepare a project report on the security system in the company's godowns.
Apparently, the company suspected that a lot of pilferage was happening in one of its godowns. The engineering graduate was asked to station himself in the security office to see the lacunae in the system. One of his observations was that some people left the godown unmanned during lunch time when the security guard went to the canteen to bring food.
Impressed with this finding, the boss then asked him to find out whether this was happening during tea or dinner time also, or whether the security guards went to the toilet often leaving the gate unmanned. "I didn't do engineering to observe people's tea and toilet habits," Bhowmick wrote in his resignation letter.
Or, take the case of this first class B-Com graduate who works as a service officer in a BPO. The 4 pm to 2 am routine and the mindlessly repetitive task are bad enough leading to a host of health problems; what's worse is that the company has asked him to practice speaking English with a marble placed below his tongue to imitate the American accent better. The attrition rate in the company is as high as 30 to 40 per cent but they are quickly replaced as there are enough English-speaking graduates available for Rs 12,000-a month job.
Talk to most of these first-class graduates, or MBAs, or engineers from the relatively lesser known institutes, and the common refrain is that companies offer unreachable targets, unrealistic incentive temptations and poor work profile. At a time when everybody is gung-ho about the huge employment boom in India, these examples indicate that many Indian companies are perhaps hiring for the future recklessly without having a clue as to the relationship between qualifications and job profile � a fact that prompted Larsen & Toubro Chairman A M Naik to lash out at the IT sector for hijacking engineers when all they required were plain B-Com graduates.
But companies on their part say that a pressure-cooker existence is inevitable in an economy that is growing so fast. And that is true even for students who pass out from the premier institutes.
On the practice of recruiting over-qualified people for jobs that don't require specialised degrees, companies say this is also inevitable in a country where everybody and his uncle is either a first-class graduate or an engineer or an MBA. But the quality of teaching in most of these second-rung institutes is abysmal and companies often have to pay through their nose to train them. "Even after training, we have no option but to offer these people jobs that are out of sync with their so-called degrees," an HR manager says.
He may have a point. Studies have indicated that only one in four graduates from India's colleges are employable. This means till the time the quality of education improves, the other three will have to remain content with either door-door canvassing for savings accounts, or watching people's tea and toilet habits, or honing up their American accents in graveyard shifts
Dark side of the jobs boom in India - By Shyamal Majumdar - May 01, 2008
Smita Rajan (name changed), an MBA from one of the lesser-known B-schools in Mumbai, was glad when she got a job at one of India's leading private sector banks in its marketing department. The salary was alright for a beginner and the career prospects sounded rosy enough.
A year later, Smita's father has managed a Rs 5 lakh personal loan -- the amount Smita is bound to pay her employer if she quits before two years. "She signed a bond with her employer. But I would rather pay the high EMIs than see my daughter go through this daily torture," he says.
Here's his version of what Smita has to go through at her workplace: the 24-year old MBA graduate has to maintain a 9 am to 10 pm routine everyday; her job profile requires her to do door-to-door canvassing for opening accounts; and the monthly variable component of her salary has been cut by Rs 8,500 at least thrice for failure to meet the targets. "You surely don't need an MBA to do this job. My daughter is a psychological wreck as the bank has destroyed her confidence," Smita's father says. The bank apparently has appointed MBAs even to man the teller machines!
To be sure, Smita isn't alone. There are countless other examples of the uglier side of the much-hyped jobs boom in India.
Debashis Bhowmick (name changed) is an engineering graduate from one of the lower-rung private institutes in Kolkata. He came to Navi Mumbai to join a windmill company which has its headquarters in Europe. The quality of the job, however, was "slightly better than that of a security guard," he says. Bhowmick, who was lucky enough to find another job within four months, says his earlier boss had asked him to prepare a project report on the security system in the company's godowns.
Apparently, the company suspected that a lot of pilferage was happening in one of its godowns. The engineering graduate was asked to station himself in the security office to see the lacunae in the system. One of his observations was that some people left the godown unmanned during lunch time when the security guard went to the canteen to bring food.
Impressed with this finding, the boss then asked him to find out whether this was happening during tea or dinner time also, or whether the security guards went to the toilet often leaving the gate unmanned. "I didn't do engineering to observe people's tea and toilet habits," Bhowmick wrote in his resignation letter.
Or, take the case of this first class B-Com graduate who works as a service officer in a BPO. The 4 pm to 2 am routine and the mindlessly repetitive task are bad enough leading to a host of health problems; what's worse is that the company has asked him to practice speaking English with a marble placed below his tongue to imitate the American accent better. The attrition rate in the company is as high as 30 to 40 per cent but they are quickly replaced as there are enough English-speaking graduates available for Rs 12,000-a month job.
Talk to most of these first-class graduates, or MBAs, or engineers from the relatively lesser known institutes, and the common refrain is that companies offer unreachable targets, unrealistic incentive temptations and poor work profile. At a time when everybody is gung-ho about the huge employment boom in India, these examples indicate that many Indian companies are perhaps hiring for the future recklessly without having a clue as to the relationship between qualifications and job profile � a fact that prompted Larsen & Toubro Chairman A M Naik to lash out at the IT sector for hijacking engineers when all they required were plain B-Com graduates.
But companies on their part say that a pressure-cooker existence is inevitable in an economy that is growing so fast. And that is true even for students who pass out from the premier institutes.
On the practice of recruiting over-qualified people for jobs that don't require specialised degrees, companies say this is also inevitable in a country where everybody and his uncle is either a first-class graduate or an engineer or an MBA. But the quality of teaching in most of these second-rung institutes is abysmal and companies often have to pay through their nose to train them. "Even after training, we have no option but to offer these people jobs that are out of sync with their so-called degrees," an HR manager says.
He may have a point. Studies have indicated that only one in four graduates from India's colleges are employable. This means till the time the quality of education improves, the other three will have to remain content with either door-door canvassing for savings accounts, or watching people's tea and toilet habits, or honing up their American accents in graveyard shifts
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