Jobs
Data : How to automate Compilation
Economic Times ( 06 May 2018 ) carries following
article :
Summary :
* CMIE’s
ESTIMATE of JOBS
2016-17…………………….406.7 million
2017-18…………………… 406 million
* GHOSH &
GHOSH STUDY
FY 17……………………….. 45.4 lakh additions to payroll
across 190 industries
FY 18……………………… ..36.8 lakh
* EPFO Data
Dec-Feb ( FY
18 ) ……………. 9.7 lakh
Apr-Feb…………………………… 46.5 lakh
additions to payroll
Sep-Feb (
FY 18 )…………
31.1 lakh jobs created of which 18-25 age group category
has 22 lakh
This divergence is not surprising !
It is much like having 5 wall clocks in your drawing
room, each needing occasional winding
You may rest assured that , quite likely , all will
show a different “ time “ – even if slightly
different from the others
And just because you have 5 clocks to depend upon, you
become careless in timely winding ! You
feel , you can always count on at least one to be working and showing correct
time
Except that you don’t know which one !
So , expect this controversy ( as to which Job Data is
correct ) to continue , even after 5 years
Now , the Chinese are very obsessed about “ Skilling /
Re-Skilling “ their manpower
So , they are unlikely to be satisfied with just data
about their “ Unemployment Rate “
They would want unassailable data about :
# Total number of
employees ( category / region / industry )
# Employment Density (
Industry wise / Region wise / Skill wise etc )
# Net Employment Growth
Rate ( weekly - monthly / Industry-wise )
# Co-relation with no of
persons graduating at various levels
# Data about those
Unemployed ( " Graduating " less " Employed " )
# Overtime Statistics (
Use / Abuse )
# Work-hour Analysis (
Ave hours / week - month )
# Wage / Salary Rates (
Yuan per hour ) - Industry wise / Region wise
# Compliance with labour
laws / tax laws / Apprentice Act etc
# Job Market Forecasts
through BIG DATA ANALYTIC ( region / industry )
# Demographic
Profiles of employees ( Rural to Urban migration )
# Per Capita Income
Growth for persons ( MOM / YOY )
# Changing composition
between Blue Collar and White Collar employees
So , expect them to implement , in
the next 6 months :
From BAD
to MAD [ 01 June 2016
]
Even as our EXPERTS continue to spar
on TV channels in 2022 !
08
May 2018
www.hemenparekh.in / blogs
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