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South India to lead in IT hiring
By agencies
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Tuesday, 19 July 2005, 19:30 IST
HYDERABAD: Information technology (IT) and IT-enabled Services (ITeS) will continue to drive the employment generation in the country for the quarter July-September 2005, according to a Ma Foi Employment Survey (MEtS).
"Jobs will move to south India with service sector leading in what can be called a mild growth quarter," said Ma Foi Management Consultants Ltd Managing Director K Pandian Rajan.
"Karnataka leads in hiring trends with Bangalore bouncing back to top position in IT and ITeS recruitment," Rajan said. The other states in line are Tamil Nadu, Uttar Pradesh, Haryana and Andhra Pradesh, he added.
The survey also indicated a massive movement of jobs from unorganized sector to the organized sector. The current strength of organized sector employment in India is 4.8 crore while in the unorganized sector it is 37 crore, he said.
"Our findings suggest that this is a cooling off period in employment generation. There is also negative growth in sectors like energy where the net employment has come down over the last quarter," Rajan said.
The rate of attrition in the organized sector is at 7.72 percent. It is highest in ITeS (23.6 percent) followed by IT (16 percent).