Coming Soon: Employment Generation for Most Sectors to Drop Down by 37% 
According to a recent report, the next four years, the crisis in jobs in the country can be widespread or say that the job market is going to last for a few months.

As per the two reports of Exclusive TeamLease Services for ET, two major job-creating sectors can be quite sluggish in the coming time. In this case, the time is not right for e-commerce, BFSI (banking, financial services and insurance) and BPO-IT enabled services sectors.

Compared to the estimates of 2018-22, in 2019-23, job creation can be reduced by 37% in these sectors.

Low jobs are being created in marketing, advertising, agriculture and agro-chemicals, knowledge process outsourcing (KPO), information technology, media and entertainment and healthcare and pharma sectors. TeamLease Services has collected data together with two reports.

TeamLease Services collated data from two of its reports — The Jobs and Salaries Primer, 2019, and Employment Outlook Report, HY1, 2019-20. The numbers include both permanent and temp jobs.

Rituparna Chakraborty, executive vice president of TeamLease said, “The four-year job creation estimates we compute indicate that long-term job creation for most sectors will dip unless employers and policymakers take proactive measures to counter the impending effects of AI/robotics-based automation.”

Rituparna further said, talking about the short term, the speed of hiring will be good during the period from April to September. In the survey, 95 per cent of the employers in the six months to increase their hiring. According to the reports, the salaries of those employees who have special skills are good, while those who work with ordinary skills are slow to increase salary.