The Ma Foi Employment Survey (MEtS) is an attempt to understand the employment activity in India. It covers 2047 employers across 17 industry sectors. MEtS (MaFoi Employment survey) is the first of its kind survey specifically for the Indian market, different in size and scope with data collected through an independent agency.  

The MEtS is focused on aggregating employment trends and hence along with an analysis of the overall demand, it also offers an extensive range of sub-indices across industry segments, turnover, employees and regional distribution. 

The 17 industry sectors, for analysis purposes, have been broadly classified into two categories – Product and Services. The “Product” category includes sectors such as: Textiles & Garments, Automobiles & Auto ancillaries, Chemical & Allied, Energy, Manufacturing, Infrastructure, and Pharmaceutical.

The “Services” category includes BFSI, Healthcare, IT, ITES, Hospitality, Retail trade, Telecommunications, Transport & Logistics, Education, Training & Consulting (ET&C), Print, Media & Entertainment (PM&E).

Ma Foi Employment Index measures the pace of recruitment activity/ hiring needs of the employers i.e. employment opportunities being created across 17 sectors in India. 

The Ma Foi Employment Index for the current quarter is 1. 28 %. 

The Product MEI for the current quarter is – 1.05 %

The Services MEI for the current quarter is – 1.65%

The top hiring sectors for the current quarter by MEI (%)

Of the 2047 companies surveyed, 133 belong to the public sector while 1914 belong to the corporate sector consisting of private and public limited companies. The MEI of these two distinct segments are 1.77 for the corporate segment and 0.12 for the public sector units. 

In terms of turnover, MEI was highest for companies with turnover upto 100 crores at 3.04, followed by 101-500 and 501-1000 at 1.75 and 1.20 respectively. The MEI was lowest at 0.27 for companies with turnover in excess of 1000 crores. 

Similarly, companies with employee number up to 100 have the highest MEI at 8.51, followed at a distant second by companies with employee strength between 101-500 with an MEI of 3.73 and 501-1000 employees at 2.15%. In fact the highest growth is projected for companies with up to 100 people and up to 100 crore turnover with MEI projection of 8.51% and 3.04% respectively. The lowest growth at the same time was in companies with turnover and employee strength in excess of 1000 employees at 0.27% and 0.76% respectively. 

In terms of ownership, the MEI in the public sector is quite low at 0.12%. In sharp contrast, MEI is the highest for private sector companies at 2.64% followed by the public limited companies at 1.31%.

Regionally analyzed, South India takes precedence over the West, closely followed by North India in terms of MEI. The eastern region remains at a distant fourth position. 

Further analysis in terms of states and cities, the MEI of top 10 states and major metros in terms of MEI are 

TOP TEN STATES - MEI

MAJOR METROS BY MEI

Theme of the Quarter: Training Investment at Workplace 

In today's competitive business environment, the importance of a highly skilled and knowledgeable team becomes that much greater. Performance and productivity are fundamental drivers of corporate success. Research is proving the importance of training and development to corporate success and high profitability. 

Leaders understand the importance of providing employees with opportunities to grow personally and professionally. It is critical that the type of training an employer provides meets the needs of the business and its employees. An obstacle that tests every business' fortitude is the amount of time away from work required to train, as well as the time needed to practice and implement new ideas. 

MEtS analysed the training man-hours invested per employee by the companies that participated in the survey and found that there was a wide divergence between various industry segments on the training inputs given. On the whole, an average of 6.28 man-hours of training was imparted per employee per annum.

In terms of percentage split between role specific and generic training man-hours invested in at various levels, it is 67.66% to 32.34% at the senior levels, 62.84 % and 37.16% at middle and 59.18% and 40.82% at junior levels respectively. The overall split is in favour of role/function specific training with a percentage of 61.77% of the total training man-hours compared to the 38.23% of generic/non organizational training.

Sector wise split shows that there is a greater investment in role/function specific training. Generic training found greater investment in sectors like Hospitality, Infrastructure, Transportation & logistics and Pharma while all the other sectors, especially Auto & Auto ancillaries, Education, Training & Consultancy (ET&C), Textiles & Garments, BFSI, IT &ITES laid a much disproportionate focus on role/function specific training. 

INDUSTRY SECTORWISE TRAINING
INVESTMENT AT WORKPLACE

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