Nicolas Dumoulin, senior managing director, Michael Page India and Thailand, told FE that when there is a change, the increase in jobs increases by 25-30%.
Technology roles will continue to be in demand during the current calendar year across industries as digital transformation remains key for businesses. Overall, the year 2022 is expected to see an increase of around 30-40% in hiring at all levels compared to 2021, while salaries could see an increase of more than 10%, which is considerably more. higher than the last five years.
According to Michael Page, from a salary perspective, expectations have risen dramatically due to increases occurring in different industries and markets. Nicolas Dumoulin, senior managing director, Michael Page India and Thailand, told FE that when there is a change, the increase in jobs increases by 25-30%.
“It can go further up to 50-100% depending on the position and the industry in which the individual works,” he said.
Siddhartha Gupta, CEO of Mercer | Mettl, said: “The ‘Big Resignation’ allowed employees to leverage the employee-employer relationship, and thus negotiate wages and benefits. As a result, recruiters will need to rethink their strategy to attract top talent. “
As IT companies will need to support the digitization journey, they will remain a major employer in the year to come. However, companies in industries like telecommunications, communications, media, manufacturing, and even restaurants and hotels will consider hiring serious tech talent in 2022.
Vijay Sivaram, CEO of Quess IT Staffing, said: “The focus will be on automation at an all time high. In addition, tech professionals will continue to be in high demand, although attrition stabilizes and organizations focus on improving skills ”.
True, Accenture in India has said it will continue to hire for in-demand skills in areas such as digital, cloud, security, data and AI, as well as platform skills and other core skills. Lakshmi C, Managing Director and Head (Human Resources), Accenture India, said, “We are also recruiting experts in a variety of industries, including financial services, consumer goods and services, and life sciences, as well as functional experts in finance and accounting, marketing, procurement and supply chain.
At Walmart Global Tech India (WGTI), the focus will be on building a cross-functional leadership team, including members of technology, product, design and business operations. Hari Vasudev, Country Head and Senior Vice President (Technology), WGTI said: “We will continue to invest and accelerate in the areas of cloud, big sata and AI / ML to create compelling solutions for our customers. clients.
Executive hiring is expected to increase by 20-25% over the next year, while mid-level hiring is expected to increase by 30-40%. “Both traditional and new age businesses will focus on strengthening their leadership teams. While the increase in commercial activity will lead to an expansion and growth in mid-to-junior level hiring, ”said Dumoulin.
In terms of sectors, recent findings from ManpowerGroup show that IT and tech employers have the strongest hiring intentions with net employment prospects of over 60% in the top three. month of 2022. Vigorous hiring activity is expected in restaurants and hotels, and the banking, finance, insurance and real estate sectors with prospects of 56% over and over 52%, respectively. Employers in the manufacturing and education, health, social work and government sectors also expect a strong hiring rate, while the outlook for the wholesale and retail sector s ‘amount to more than 42%. Employers in the construction and primary production sectors are also forecasting good payroll increases over the next year.
Sandeep Gulati, Managing Director of ManpowerGroup India, said the increase in hiring prospects reflects the continued confidence of employers in achieving a post-pandemic recovery.
However, the human resources industry is aware of the concerns that the new variant of Covid-19 Omicron poses for companies’ hiring plans. Aditya Narayan Mishra, Director and CEO of CIEL HR Services, said, “In the event that infections caused by Omicron increase, we may see restrictions on the movement of people. As a result, hiring in industrial sectors such as manufacturing, retail, infrastructure, travel, hospitality and entertainment will be affected. “
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