Indian firms make profit of Rs 6 lakh per employee
, On Tuesday 19 April 2011,
According to a study by
Besides, companies make an investment of Rs 7,000 on learning and development (L&D) per employee.
It further said that Indian companies make a pure profit of Rs 15 from every Rs 100-worth revenue generated by their each employee.
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Among sectors, engineering and manufacturing generate the most revenue and profits per employee followed by fast moving consumer goods (FMCG) and pharmaceutical space.
Moreover, organisations with higher revenue base incur 1.3 times higher cost per employee but also earn 1.4 times higher profit per employee organisations compared with lower revenue base companies.
The report, which is based on a survey of 37 firms across different sectors noted that Indian organisations spend about Rs 25,500 per hire on an average.
However, FMCG and other unclassified sectors spend more than double the amount towards their recruitment. This could be because of the high cost of their recruitment teams.
The report further said that information technology and information technology enabled services (IT/ITeS) sector recruits the highest number of graduates, but when it comes to retaining entry level talent, engineering and manufacturing sector leads the industry.
IT/ITeS, which has the lowest spend on L&D per employee, witness the highest termination and resignation rate as well.
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