IT/BPO topped job growth in 2014

IT/BPO topped job growth in 2014

The 24th ‘Quarterly Report on Changes in Employment in Selected Sectors’ based on a survey  conducted by the Labour Bureau under the Ministry of Labour and Employment found that the information technology (IT) sector has added the maximum jobs to overall employment in 2014. 

The survey shows that employment in the IT/BPO sector increased by 1,93,000 during the 12-month period between end-December 2013 and end-December 2014, while overall employment increased by 4,21,000.

The report indicates huge employment potential in different industries, but cites mismatch between requirement and skill as a handicap. Other sectors contributing to the increase in employment during this period were textiles, including apparel (1,41,000), metals (74,000), automobiles (25,000), and the gems and jewellery sector (11,000). On the other hand, employment has declined in the transport sector, followed by the leather and handloom/powerloom sectors during the period.

The IT/BPO sector has been the leader in direct employment (employees on the rolls of the company). Textiles and automobiles trailed it in generating direct category of employment. However, in the contract (outsourced) category of employment, metal sector took the lead. Textiles, and gems and jewellery sector followed it.

The report says that there is a requirement of manpower in different sectors because skilled labour is not available.

“A mismatch between requirement and availability of skills is also felt by employers,” says the report. “According to them, multi-skilled workers are needed to compete in the globalised economic environment,” it adds. The report also points out that in case of contract workers, proper records are not found to be maintained by many units.

“Managements are of the opinion that supply of labour has declined considerably in recent years, probably due to availability of work under MGNREGA to workers at their place of origin,” says the report. 

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