Analysis Of Employment In Corporate Sector - Jobs Were Lost In FY21: CareEdge
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CareEdge Research Report
Employment in the corporate sector is a useful metric to gauge the pace of job creation in the organised sector. With almost all companies now announcing their audited results for FY21 as well as publishing their balance sheets, a more comprehensive sample can be used to gauge patterns of employment in various sectors.
A sample of 2618 companies has been considered here which had aggregate sales of around Rs 67 lakh crore in FY21. The headcount as revealed in the balance sheet has been used here for the last three years.
The numbers provided are the stock as on March 31 and hence does not capture exits and entries of employees during the year.
Wherever there have been mergers or any kind of consolidation, the companies have been excluded as that would tend to skew the growth rates in the respective sectors. This holds especially for public sector banks which went in for fairly large mergers.
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