Organised sector jobs rise a tad over 4% a year in over 7 years till Q1FY22

The new revamped quarterly employment survey (QES) for organised sector showed that employment rose by a little over four per cent a year on an average in nine sectors during seven years till the first quarter of the current financial year.

The estimated total employment in the nine sectors–manufacturing, construction, trade, transport, education, health, accomodation and restaurant, IT/BPO and financial services–stood at 30.8 million during April-June, 2021 against a total of 23.7 in these areas reported in the sixth economic census. The census covered the period of January, 2013 to April, 2014.

This implies a growth rate of 29 per cent over a period of around seven years.

Meanwhile, the survey also showed that the Covid-induced employment decline was evident in 27 per cent of the establishments during the first wave that hit the country from March, 25 to June 30, 2020. The silver lining is that 81 per cent of the workers received full wages during the lock-down period.

However, a total of 16 per cent received reduced wages and around three per cent was denied any wages.

In the construction sector, 27 per cent had to accept reduced wages and seven per cent were left with none. In the health and financial services, more than 90 per cent workers received full wages.

The new QES was launched on Monday by labour minister Bhupender Yadav after the earlier QES was suspended three years ago in 2018. The new QES has one more added sector in it–financial services–compared to the previous one.

Key highlights of the first round of Quarterly Employment Survey:

• The most impressive growth of 152 per cent has been recorded in the IT/BPO sector, while growth rates in health is 77 per cent, in education it is 39 per cent, in manufacturing it is 22 per cent, in transport it is 68 per cent and in construction it is 42 per cent . However, employment in trade came down by 25 per cent and in accommodation and restaurant the decline was by 13 per cent. Financial services saw a growth rate in employment of 48 per cent.

• Nearly 90 per cent of the establishments have been estimated to work with less than 100 workers. Nearly 35 per cent of the IT/ BPO establishments worked with at least 100 workers, including about 13.8 per cent engaging 500 workers or more. In the health sector, 18 per cent of the establishments had 100 or more workers.

• The over-all participation of female workers stood at 29 per cent, slightly lower than 31 per cent reported during sixth Economic Census (2013-14).

• Regular workers constitute 88 per cent of the estimated workforce in the nine selected sectors, with only 2 per cent being casual workers. However, 18 per cent of workers in the construction sector are contractual employees and 13 per cent are casual workers.

• Only 9 per cent of the establishments (with at least 10 workers) were not registered with any authority or under any act. While 26 per cent of all the establishments were registered under the Companies Act with 71 per cent registration in IT/ BPO, 58 per cent registration in construction, 46 per cent in manufacturing, 42 per cent in transport, 35 per cent in trade and 28 per cent in financial services.

• Around 18 per cent of the establishments have provision of on-job skill training programmes.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Education News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.