Post Job for Free Free Online Practice Set Download Study Materials Aptitude Preparation Bank Exam Preparation Bank Exam Preparation CAT Preparation CAT Preparation Current Affairs Exam Preparation General Knowledge Group Discussion Group Discussion Topics Online Tests PSC Interview Questions PSU Companies Preparation PSU Companies Preparation Technical Interview Questions Jobs By Category Bank Jobs BPO Jobs BSc / BCA / BBM Core Technical Jobs Defence Jobs Dream Jobs > 5 lpa Finance Jobs Government Jobs Health Care Jobs Hospitality Jobs Internship Jobs IT / Software Jobs Journalism Jobs Manpower Consultants MBA Part Time Pharma Quality Control Jobs Research Jobs Retail Jobs Scholarships Jobs Sports Jobs StartUp Jobs Teaching Jobs Tech Support Jobs Walk-ins Jobs 1 to 3 Yr Exp Jobs By Company BEL Recruitment DRDO Recruitment FCI Recruitment HAL Recruitment IBPS Recruitment Indian Air Force Recruitment Indian Army Recruitment Indian Navy Recruitment ISRO Recruitment ONGC Recruitment Police Recruitment Railway Recruitment SBI Recruitment UPSC Recruitment Jobs by Roles Accountant Jobs Architect Jobs Content Writer Jobs Data Entry Jobs Fashion Designer Jobs HR Admin Jobs Management Trainee Jobs Medical Representative Jobs NON-IT Jobs Receptionist Jobs Sales/Marketing Executive Jobs SEO Analyst Jobs Telecaller Jobs Jobs by Skills CCNA Jobs Digital marketing Jobs Embedded System Jobs Finance Jobs Hardware jobs HR Jobs Legal jobs Marketing Jobs Networking Jobs Oracle Jobs SAP Jobs Software Testing Jobs Tech Support Jobs Jobs by Branches Aeronautical Engineering Jobs Architecture Engineering Jobs Automobile Engineering Jobs Computer Science Engineering Chemical Engineering Jobs Civil Engineering Jobs ECE Jobs Electrical Engineering Jobs Instrumentation Engineering Mechanical Engineering Jobs Nursing Jobs MSC Botony Jobs MSC Physics Jobs Jobs by Courses B.Com Jobs BBA / BBM Jobs BCA Jobs BE Jobs / B.Tech Jobs BSc Jobs Diploma Jobs M.Sc Jobs MBA Jobs / PGDM Jobs MCA Jobs ME Jobs / M.Tech Jobs

July 15, 2017

Jobs growth to trip on GST, DeMon

  Sarkari Niyukti       July 15, 2017
Domestic structural changes because of demonetisation and GST, coupled with an uncertain global scenario due to H-1B visa issues, has turned the job market tepid.Getting employment this year appears tougher than in previous years as industrial growth is yet to gain traction. The pace of ob growth this year could be flat or a moderate 5-7% -lower than 2016's 12-15%.
While retail, hospitality and fintech show a small increase in hiring, a major reason for the reduction in job growth forecast is the IT layoffs and slowdown in that sector. Data from Kelly's Services shows a 15% increase in hospitality , 8% increase in retail and an18% reduction in IT jobs in 2017. “Going by early trends, increased hiring in other sectors, including retail, hospitality and fintech result in 5% growth on an average, which is lower than 7-8% that we saw in 2016,“ said Thammaiah BN., MD, Kelly Services. While PeopleStrong's hiring intent report indicates 710% growth in jobs this year, it showed 25% and a 12-15% growth rates in hiring in 2015 and 2016 respectively . The re port also says that the growth rate would be lower than last year in the BFSI, internet businesses, IT services and hospitality sectors.
Global uncertainty , H-1B visa issues and internal policy changes such as demonetisation and the GST are contributing to a slowdown in hiring.“Now the positive sentiment that stemmed from introduction of various initiatives such as `Digital India' and `Make in India' have normalised and hiring has slowed down from last year. As of July , we see close to 7% growth in jobs in the hospitality and fintech sectors,“ said Shailesh Singh, business head (RPO services), People Strong.
Aditya Mishra, CEO, Ciel HR services, said, “The little increase in hiring is seen in the BFSI sector, with sales and operational roles on the rise.Some senior positions are being filled in the core engineering sector.“ He sees a 1% fall in overall hiring.
With respect to salaries, companies in retail, fintech and hospitality have been dishing out similar remuneration or a 3-4% increase over 2016, similar to the raise in the previous year. “However, IT salaries do not follow this trend. Considering an employee who leaves a position, a replacement resource in traditional roles in application development, testing and maintenance, would see decrease in salary by 2-3% in 2017. For new technologies like Big Data, Hadoop and Cloud, salaries have increased by 1.21.5 times,“ added Thammaiah.                                           


Sarkari Niyukti
For more information visit http://epaperbeta.timesofindia.com/Article.aspx?eid=31812&articlexml=Jobs-growth-to-trip-on-GST-DeMon-12072017017019

logoblog

Thanks for reading Jobs growth to trip on GST, DeMon

Previous
« Prev Post

No comments:

Post a Comment