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| Job sectors are recovering from Covid induced slump | | |
Vijay GarG
Unlike the last two years, this year most of the job roles from across sectors have considered for a salary hike facebook sharing buttontwitter sharing buttonlinkedin sharing buttonemail sharing buttonprint sharing button A recent study conducted across various job sectors in the country has revealed that most sectors have recovered from the covid induced slump.
The report titled Jobs and Salary Primer Report for FY’22 was conducted by TeamLease Services India’. The research for the report was conducted across 8 functions, 2,63,000 profiles, 17 industries and 9 cities.
Out of the 17 sectors reviewed 14 have indicated a single digit hike. The median salary increment will be around 8.13%. Ecommerce and Tech Start-ups, Healthcare and Allied Industries, Information Technology and Knowledge Services are the only three sectors who have registered a salary growth greater than 10%. The report showed that of the sectors analysed 10 have indicated a progression rate of 7-10% and the rest are growing at a rate of 5-7%. Also, unlike the last two years, this year most of the job roles from across sectors have considered for a salary hike, however, the increments will be moderate.
The salary hike for super specialised job roles range between 11% and 12%. The top paying (increments of 12% and above) are Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Mumbai and Pune.
The report also found out that 9 out of the 17 sectors created new Hot jobs and 6 sectors created new upcoming jobs this year. These jobs include Field Scientist (Agriculture and Agrochemicals), EV Technical Expert (Automobile & Allied Industries), KYC Analyst among others. Employers continue to place a premium on super-specialised job roles and the demand for this job category continues to rise. Growth rates in the category have inched up from 11% to 12% this year.
Despite a marginal 4% drop pay differentials between permanent and temporary job profiles (less than 3%) stood steady for nearly 37% of all profiles across all sectors.
BPO & ITeS, E-Commerce & Tech Startups, Educational Services, Information Technology and Knowledge Services are some of the sectors that are likely to benefit on business continuity from WFH. |
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