Healthcare to become the highest recruiter

Healthcare is expected to contribute around 30 per cent of the nearly one million

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jobs to be added in the country in 2010-11 financial year, says a study by human resources and staffing company Ma Foi Ranstad.

The Ma Foi Indicus Employment survey conducted in 1,000 public and private sector companies in 11 sectors, predicts that healthcare, especially those in the private sector will add 295,000 new jobs to the existing 3366,000 jobs.

According to Pratap C Reddy, chairman, Apollo Hospitals, the healthcare sector has the potential to become the largest employment provider with an addition of two million jobs per year for the next decade.

The study also found that of the total 9.17 lakh jobs to be created across different sectors, the second biggest contributor will be hospitality and travel, which will add 1.37 lakh jobs.

K Pandia Rajan, managing director of Ma Foi Ranstad said, “156,000 hotel rooms are expected to be added in 2010-11 and 40 international brands are to be operational, thus generating additional employment.”

M P Purushothaman, vice president of Federation of Hotel and Restaurant Associations of India said, “The budgetary concessions for projects completing after April 2010, has given the sector a boost and many international brands are viewing India as an investment destination,” he added.

The accelerated growth of smaller towns and suburban townships is expected to generate 1.36 lakh more jobs in real estate and construction, the study said.

Of the 11 sectors, the least contribution is from retail with a meager 13,000 jobs. “Retail saw most number of exits last year and it is yet to recover. However, the jobs are mainly going to be generated only during the second half of the financial year,” said Rajan.

Another study to assess employee readiness to shift job found that India topped among 23 countries in five continents with a ‘mobility index of 140’ — higher than the weighted average of 100. India was followed by Mexico and China.

The sample study conducted on 600 people in the age group of 18 to 65 years, found that organisational circumstances was the main reason behind people seeking a job change.

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