Post globalisation era in greater mumbai june 2006 efi – solar foundation mumbai



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SECTOR-SPECIFIC HIGHLIGHTS


  • FINANCIAL SECTOR

  • Continued downing sizing/right sizing will lead to cut in direct employment and rise in contractual employment/outsourcing.

  • Future employment opportunities for specialised, skilled, technical and customer-service personnel.

  • Introduction of remote electronic transaction would seen another round of re-skilling of employee in areas of technology, marketing and customer service.

  • CONSTRUCTION SECTOR

  • Huge demand for highly skilled people like: engineers, project manager, materials manager, quality assurance managers, safety managers…

  • Unskilled labour will continue to play a significant role in several business areas.

  • Handful business units have opted for IT & technology adoption to seek greater economies of scale, while majority have stuck to traditional practices.

  • Job security, people management, manpower training, salary structuring, etc. continue to be the grey areas.

  • TOURISM SECTOR

  • Improvement in city’s infrastructure, rise in number of airlines, promotion of leisure and medical tourism are likely to result into spurt in employment opportunities.

  • Infusion of technology and increased business networking would have a strong impact on employment patterns and job profiles.

  • The sector is loosing trained manpower to sunrise sectors like BPO and retailing, on account of better pay packages.

  • The sector is highly vulnerable to drastic socio-economic-political developments across the world.

  • IT SECTOR

  • Business segments like BPO and ITES are likely to continue creating huge employment opportunities in the near future.

  • Networking, multi-media, content development, (online) customer service, research and E-learning professionals would see a huge demand.

  • Creation of ‘Centres of Excellence’ in training, and strengthen of IT and telecom infrastructure is requisite for extraordinary growth of the sector/employment.

  • TELECOM SECTOR

  • Introduction of the 3G platform and convergence of services would create several new job opportunities.

  • The demand of telecommunications, electrical and electronic engineers will further increase due to introduction of newer service and expansion capacities.

  • COURIER SECTOR

  • Increased use of IT and technology is likely to result into significant reduction in employment numbers, but enhance employment standards.

  • Command over languages, good personality, customer service orientation, technology literacy, etc. would be mandatory requirements for all future jobs in the sector.

  • Gradual drop in the proportion of uneducated and unskilled labour in favour of trained, educated, skilled and technology savvy personnel.

  • Easy availability of leg-workers, but a dearth of skilled manpower in areas likes HR, finance, legal, customer service, etc.

  • ENTERTAINMENT SECTOR

  • Growth in employment opportunities largely due to increase in number of Television channels and FM radio stations.

  • With corporate houses and financial institutions investing, the Sector is likely to attract best talents.

  • The sector witnessing a high level of churning of manpower due to evolution of job profiles on account of introduction of newer technology.

  • Considering the pace of growth of the sector, employment opportunities exist in virtually every business segment/specialisation.

  • RETAIL SECTOR

  • Retail sector would spearhead growth in economy over the next five years, malls and super stores are springing across the country.

  • It is certain that conventional retail shops will continue to exist and prosper despite the threat from malls and big stores.

  • The sector is attracting the best talent in the city. The remuneration, service standards, job profiles have seen a big change.

  • Introduction of IT has lowered the dependence on people drastically, but it has created a new breed of techno-savvy floor managers.

  • AUTOMOBILE GARAGES SECTOR

    • Companies are withdrawing dealerships and authorised service centre contracts with garages. Some have already stopped selling spares in the open market.

    • On one hand, the new technology cars offer very little room for repair services and regular maintenance, while on the other end they require technically educated, trained and skilled manpower.

    • In the future, only garages that have state-of-the-art facilities stand a better chance of surviving.


DIRECT & INDIRECT EMPLOYMENT PROJECTIONS FOR VARIOUS SECTORS FOR 2005 & 2010

Sectors

(fig. In lakhs)

Direct Empl.

2005

Indir. Empl. 2005

Direct Empl.

2010

Indir.Empl.

2010

Financial


2.58

1.61

2.86

1.78

Construction


12.89

-

19.98

-

Travel & Tourism

24.1

49.8

25.7

53.2

Information Technology

1.8

25

6.6

6.42

Telecom


1.06

3.33

1.71

6.71

Courier


0.33

-

0.45

-

Entertainment


2.49

9.63

6.49

25.99

Retail


26.60

-

42.85

-

Automobile


1.19

-

1.24

-

Photocopying


0.58*

-

-

-


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