High-experience job profiles have steadily grown in importance over the past 12 months, and are seen by employers as indispensable. These attract a salary increase of around 11% or more, compared to market averages of 1.7-14%. Such jobs include software testing specialists in the IT industry, bank trainers in the BFSI industry, and compliance officers in the construction industry.
The report covers 17 sectors, including agriculture, automotive, banking, e-commerce, and healthcare.
“It is encouraging to note that many business sectors are helping to dispel the second wave of pessimism that surrounds us in the way they know best, by taking pay actions that are appreciably higher than in 2020 and are more effective. By paying the incentive to innovate and grow, these sectors are shedding light at the end of the tunnel of livelihoods, ”he said. Rituparna Chakraborty, Co-Founder and Executive Vice President of Team-Lease Services.
With technology increasingly ubiquitous and a necessary condition to operate during the pandemic, the IT function has grown in stature across all businesses throughout the year. The hiring of sales positions has gained momentum since the closures were eliminated with an average salary growth close to 10%. IT jobs such as SQL Analyst (Structured Query Language), UI Designer, and IT Infrastructure Engineer are also in high demand.
Eight of the seventeen sectors continued a gradual progression toward recovery and pre-Covid levels of business activity. These include e-commerce, IT, and educational services. Four sectors have taken a step from a recession or stagnation. Two sectors, hospitality and industrial manufacturing, continue in recession.