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New jobs and job losses in 2010- 6-Feb-2010
In the past few years several job opportunities surfaced in the field of outsourcing, then later due to the global economic slump these outsourcing jobs faced a bit of setback.
As a result we know that no new job opportunities were created in the IT sector. Job consultants say soon this situation is likely change a little bit and new job opportunities are likely to come up according to the market requirement. Already several positive signs regarding this have started to appear in the Indian economy.
50 per cent of the signs about new job opportunities started to become visible in the last quarter of 2009 itself. In Jan alone this was around 20 per cent. Job consultants consider this is just a sample of the encouraging new job opportunities that are going to come up in the first quarter of 2010.
After the crash of Lehman Brothers holding Inc in the year 2008 only now the global economy has started to show an upward trend. As for as the new job opportunities in India are concerned, the present augment is not due to the global economic situation. These opportunities are absolutely due to the improvement in Indian market. This year several job opportunities are likely to be created in sectors like telecom, production, FMCG, Retail, BFSI, IT and government sectors, reveals Team Lease Talent Management, a Human Resource Research Organisation.
However, there is a negative side of this too. Several job losses are likely to occur in Aviation, IT and BPO sectors. In the year 2009, Indian companies often used the terms like Lay off, Pink Slips and Rate Sizing. These terms are usually used for reducing manpower and work force. However, the economy started to show slight improvement in the later part of 2009. Due to the governments serious efforts to save the country from the economic slump 50, 000 new jobs were created in the second half of the calendar year. In the year 2010, several new jobs are likely to come up in sectors like general administration, education, mining, construction, finance, insurance, real estate and retail and wholesale trade, an estimate reveals.
This year, as only a marginal development would be found in the organisational growth and the entire industry along with the present trend we would witness both job losses and new jobs. Job losses are likely to be found in persons between 25 to 30 years of age with less than 5 years of experience. Attrition, up to 40 per cent are likely to be found in segments like BPO and IT Enabled Services (ITES). Attrition also would be marginally found in other segments like retail and telecom.
