Around 64% of job seeking households found jobs in the last five years: PHD Chamber Survey

No.PR-4 April 4, 2019 New Delhi Around 64% of job seeking households found jobs in the last five years: PHD Chamber Survey Around 64% of the job seeking households have found a job at least for a member of their respective families during the last five years (2014-18), said a survey study conducted by industry body, PHD Chamber of Commerce and Industry in a press statement issued here today. According to the survey study, 75% of the household respondents were in search of a job of which 64% were able to find a suitable job for them, said the survey study. PHD Chamber of Commerce and Industry has conducted a survey study to know the employment perspective with respect to the growth of the economy and employment creation for the growing young workforce in the country. More than 27,000 responses were received of which 55% were from the urban areas while 45% were from the rural areas. “It has been observed that the percentage of the respondents who were seeking jobs and were able to find jobs was highest in metro cities (77%), followed by Tier-II cities (67%), tier-I cities 61% and rural areas 49%”, said Mr Rajeev Talwar, President, PHD Chamber. The fact is that a number of jobs were created in the metro cities where there is a high presence of private sector and government offices followed by Tier-II cities. Tier-II cities are emerging as some of the fastest growing cities, as these are not only coming up with better job options, they are also getting well connected with time and are offering better education opportunities, he said. India has built significant strides in the socio-economic development of the country, by not only becoming the fastest moving economy but also improving remarkably in the socio-economic development, said Mr Rajeev Talwar. It is inspiring to know that the youth in the country have been able to find jobs in the last five years, as 86% of the respondents who found the jobs were aged between 18-35 years at the time of joining of their jobs, said Mr Talwar. The survey revealed that the private sector was the major employer in the last five years, creating 60.4% of the jobs, followed by government sector (21.2%), self employed (5.2%), public sector (5.1%), Public Private Partnership (3.3%) and others (4.8%), said the industry body. According to the scale of the firm, the survey revealed that the large and medium enterprises created 49% of the jobs of which the large enterprises created 30% jobs and medium enterprises created 19% jobs. On the other hand, small and micro-enterprises created 51% of the jobs of which small enterprises created 22% of the jobs and micro enterprises created 29% of the jobs, said the survey study. It is encouraging to know that the small and micro enterprises have created more than half of the jobs in the last five years. The reforms undertaken by the government for the MSMEs have become fruitful and visible, said Mr Talwar. The findings elucidate that the majority of the respondents found jobs in banking sector (12.5%) and education & training (12.1%) followed by IT & ITeS (11.6%), while the other sectors such as tax, data analytics, consulting, legal services, police services, teaching, Fashion Designing were also the major employers in the last five years, said the survey study. An analysis of the type of jobs created revealed that majority of the respondents (79%) were working in full-time jobs, followed by the respondents working in contractual jobs (7%) and in part-time jobs (6%). 5% of the respondents were Self-Employed, while only 3% of the respondents were involved in daily wages, said the industry body. The survey revealed that the new entrants in the job market were earning well as 60% of the respondents were drawing monthly salary in the range of between Rs. 10,000/- to Rs. 50,000/-. The survey revealed that the median salary of the respondents was Rs. 31252.28/-, said the industry body. Going ahead, PHD Chamber of Commerce and Industry has provided a seven pronged strategy to create more than 100 million new jobs in the next five years of which tourism sector is projected to create 40 million, followed by MSMEs- 25 million, agro and food processing- 20 million and exports- 10 million. Snapshot of the Survey S. No. Key Indicators/ Attributes Survey Findings 1 Number of household respondents 27412 2 Number of household respondents from rural areas 12240 3 Number of household respondents from urban areas 15172 4 Percentage of household respondents seeking jobs 74.7% 5 Percentage of household respondents found a job 63.5% 6 Employment created in urban and rural areas · Metro Cities 77% · Tier-I Cities 61% · Tier-II Cities 67% · Rural Areas 49% 7 Employment providers in the last 5 years · Private Sector 60.4% · Government Sector 21.2% · Self Employed 5.2% · Public Sector 5.1% · Public Private Partnership 3.3% · Others 4.8% 8 Job creation according to scale of the firms · Large 30% · Medium 19% · Small 22% · Micro 29% 9 Sectoral breakup of the job creation · Banking 12.5% · Education 12.1% · IT & ITeS 11.6% · Others (agro & food processing, aviation, e-commerce, retail, etc) 63.8% 10 Nature of jobs · Full Time 79% · Part Time 6% · Contractual 7% · Daily Wage 3% · Others (self-employed) 5% 11 Monthly Salary (Between Rs 10,000/- to Rs 50,000/-) 60% 12 Median Salary Rs. 31,252.28/- 13 Gender of the household respondents who found jobs · Male 60% · Female 40% 14 Age group of the household respondents who found jobs (Between 18-35 years) 86% 15 Percentage of household respondents satisfied with the job found 61% Source: PHD Research Bureau, Job Creation: A Pan India Survey of Households Ends. Koteshwar Prasad Dobhal Consultant (PR)