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Job generation during 2012 saw a 21% decline across various sectors of the economy between January and mid-December, according to an Assocham analysis. "A total of over 5.3 lakh jobs were generated during the aforesaid period across India — over 2.8 lakh jobs in first half of the year and over 2.4 lakh jobs in July-December 15,” says a study titled ‘Job Trends Across India in 2012’ released by the industry body Associated Chambers of Commerce and Industry of India (Assocham). Information technology (IT) topped the group with over 2.1 lakh jobs generated in the sector between January-December 15, 2012 across the country as compared to the same period of last year. Academics and education ranked second with over 34,500 jobs generated in the sector followed by insurance (over 27,100 jobs) and banking (24,500). The Assocham Research Bureau (ARB) sourced its inputs primarily from data tracked on a daily basis for vacancies posted by about 4,000 companies via job portals like timesjobs.com, naukri.com, monster.com and shine.com and advertisements offering job opportunities published in national and regional newspapers for about 56 cities and 32 sectors.

Reliance Life to hire 3,000 more for new sales model

Leading private sector insurer Reliance Life said on Tuesday it has hired 2,500 persons under a new distribution model, wherein insurance agents would get fixed stipend and variable commission, while 3,000 more people will be recruited during the current fiscal. The hiring plans were announced by Reliance Life Insurance

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