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Disclaimer: Please note two important points: 1. Only 7% of the Indian workforce is white-collar while a staggering 93% is blue-collar. The jobs in India series is an assessment of white-collar profession alone. 2. The data analyzed in this article is only reflective of the jobs publicly disclosed and industry specific recruiter-search on Credait.com. This does not take referrals into account. On average, referral hiring ranges from 3 – 8% of total on-boarding annually.
Telangana is 8th largest economy in India and as per the state government’s data, its economy is expected to generate 8.4 Lakh Crores (~ $120 Billion) for the year 2018-2019. It is primarily an agricultural state with 5 Agricultural Export Zones and 60+ Special Economic Zones. In terms of professional industries, Telangana is prominent in the areas of:
- IT / ITES / BPO
- Finance / Banking / Insurance / NBFC
- Food & Beverage
- Energy (Especially Mining)
Top 5 cities for jobs in Telangana
Avg. New Jobs / Day
Other Telangana Cities combined
Table 1: Average number of new jobs getting listed every day in major Telangana cities
With regards to white collar jobs, Hyderabad city accounts for 97% of new jobs generated on a daily basis. Even before bifurcation of the two states (Telangana and Andhra Pradesh) it was Hyderabad that remained the primary driver of state revenues and job creation. The trend will continue because it would at least take a decade for Amaravathi (New capital of Andhra Pradesh) to stabilize in economic growth. The percentage of new jobs listed on a daily basis, across Telangana State is disclosed in the pie chart below:
Chart 1: Percentage of newly listed jobs on a daily basis across Telangana
Major Industries that hire in Telangana
|Industry||Avg. New Jobs / Day||Percentage|
|IT / ITES / BPO|
|Finance / Banking / Insurance / NBFC|
Table 2: Top industries that hire professionals in Telangana
Jobs in IT, Banking and Healthcare sectors account for a staggering 80% of the professional jobs market in Telangana. What is unique in our finding is that unlike trends in other states, education and advertising jobs are the next major sectors in Telangana. It is to be noted that more than 60% of Telangana population resides in the rural sector and most of this segment in engaged in the agriculture, followed by textiles and mining with a high blue-collar workforce and negligible white collar requirements. The sector-wise breakup is depicted in the chart below.
Chart 2: Percentage of newly listed jobs on a daily basis across top industries in Telangana
The job type break-up in Telangana is disclosed below.
|Job Type||Avg. New Jobs / Day||Percentage|
|Full Time (Incl. of work from home)||1091||82%|
|Part Time (Incl. Internships & Freelance)||133||10%|
Table 3: Job type split in Telangana
The share of job types in Telangana is depicted in the pie chart below.
Chart 3: Percentage of new jobs by job type on a daily basis in Telangana
Conclusion – Jobs outlook in Telangana moving forward
Hyderabad is the most desired work destination for white-collar professionals given the lowest cost of living among all major metros in India. Some of the HR staff we interviewed indicated that many white collar professionals are settling down in Hyderabad owing to financially affordable housing. According to HR staff in those companies that have branches across all major cities, those in Hyderabad have greater percentage of employees requesting employment letters on bank’s request, as a formality for housing loan.
Telangana has also emerged as one of the best state in India for ease of doing business, along with Andhra Pradesh. Clearly, this has attracted even more multinational companies in setting bases in Hyderabad, which include the likes of Google, Amazon, and Apple setting up their biggest development centres following the United States of America. With the formation of the Information Technology Investment Region (ITIR), more than 15 Lakhs (1.5 million) jobs are expected to be created over the next few years in Hyderabad. The state government has also announced the formation of Pharma City to attract global pharmaceutical companies to Hyderabad for drug research, development and mass production. In terms of jobs related to IT, Banking and Healthcare sectors, the city of Hyderabad will witness greater demand for highly skilled professionals over the next 5 years.
Lastly, the service sector across all industries is where the majority of work demand will be. While technology is increasingly automating repetitive work, it indirectly creates service specific jobs. While part-time work requirements are only at 10% of the total job requirements, one can expect it to reach 25-30% over the next 5 years in Telangana. Given the advent of smart cities and AI applications, people with specialized skills will transition to multiple part-time engagements for their career growth.