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India – Hiring and salaries to rise this year

21 May 2013

Staffing company TeamLease has published a new salary survey, offering good news to jobseekers as hiring activity is likely to grow in the coming months while salaries are expected to rise +12% in 2013.

The report noted a +11% rise in hiring activity this year with salaries projected to see an upward trend in most industries. The study covered staff working across 318 different job profiles, 15 industries and eight functional domains in nine major locations in India.

“The headwinds of global change, blowing hot and cold have only so much as reshaped the contours of the Indian labour markets for the better,” said TeamLease Services Senior V-P & Co-founder Sangeeta Lala.

With companies striking a balance between skills and increment, the attrition rate also has been brought under control, emphasising a buoyant and mature job market. The gap between permanent salaries and temporary salaries is now negligible, the study noted.

11 out of 15 industries are doing well to grow the longevity of their staff, which in turn is containing attrition. Sectors such as healthcare, pharmaceuticals, power and energy have good longevity returns.

Staff with specialist knowledge are also in great demand. Niche, and high-skilled profiles such as network architect, SAP developer/ consultant and project lead are more sought after than the generalised and well-paid profiles such as IT executives/managers and accountants, the report found.

“Salaries continue to rise more for the deserving, employers are aggressively acquiring and rewarding the right skills and capabilities, talent migration is shaped by career enrichment opportunity as much as it is by market forces, and equity has prevailed,” said Ms Lala.

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