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Indian pharma indicates upward growth across manufacture, QC to warehousing

Nandita Vijay, Bengaluru
Tuesday, July 10, 2018, 08:00 Hrs  [IST]

Indian pharma is now indicating positive growth and the small and medium (SME) businesses are most optimistic. The job opportunities are largely in manufacturing, warehouses, logistics, quality control and quality assurance, besides sales and distribution.

The hiring sentiment is encouraging over the next few months. Although the job openings are a mix of both categories, much of the volume hiring is at the bottom of the pyramid wherein it is a combination of people on fixed term contract and also permanent. Depending on the roles, at the senior level particularly, the value hiring is focused towards competency and knowledge, Sudeep Sen, assistant vice president, TeamLease Services told Pharmabiz.

Another fact is that pharma industry has also witnessed reduced the attrition to around 9 percent from 18 percent a couple of years ago. “It is evident that the workforce is focused on formal employment openings, right wages along with the employee benefits,” he added.

Specifically cities of Ahmedabad, Hyderabad and Mumbai have shown robust hiring plans. This is driven by new facilities and projects coming in these cities. Moreover, Ahmedabad, Hyderabad and Mumbai have highest concentration of pharma workforce.

In its latest Employment Outlook Report for HY1-2018-19 by TeamLease, forecasts an increase of 4% in the net employment outlook to 95%, between April and September 2018 as compared to 91% for the preceding half-year of October-March 2017-18. The increase in GDP and optimistic economic growth are attributed to the positive hiring outlook.

The report surveys 695 small, medium and large companies across 16 sectors in 8 cities to understand the hiring sentiments. According to the report, eight out of 16 sectors surveyed have indicated positive hiring sentiments with overall positive sentiment. Majority cities, 5 out of 8, have shown positive outlook towards hiring and the medium-size businesses were most optimistic (5% improvement over the past half-year) towards the hiring sentiment.

The Knowledge Process Outsourcing (KPO) sector will be the biggest gainer with 4% increase in the hiring sentiments, over the past half-year, across the employers surveyed. Some of the other top sectors with incremental positive hiring outlook were e-commerce & technology startups followed by healthcare and pharmaceuticals.

At least 5 out of 8 cities have shown positive outlook towards hiring and there is a 5% improvement towards the hiring sentiment.

Five of the seven functional areas covering sales marketing information technology and engineering are sought after by employers. However departments of office services and human resources have shown a drop in sentiment.

According to Rituparna Chakraborty, co-founder & executive vice president, TeamLease, job market globally is undergoing a transition phase with advanced technological interventions. Asia-Pacific region has the most positive net employment outlook reported at 62% across global markets for the April-September, FY 19 as compared to October-March, FY 18. In fact, the positive hiring sentiment when benchmarked against global markets shows India is to be ahead of the APAC by 33 percentages and ahead of Europe by 54%.

 

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