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HYDERABAD: Sectors like Telecom and energy have been the drivers for growth in the job market with new recruitments and employee increments, according to a survey by hiring firm TeamLease.
'The TeamLease Annual Temp Salary Primer 2010' is a comprehensive report on the temporary jobs market ,i ncluding skills, salaries, increments and longevity.
According to the survey, telecommunication and energy sectors together stepped up hiring by 16 per cent and increased salaries by 7.5 per cent or more.
The survey covers attributes for temporary staff working across 264 different job profiles, 13 industries and 8 functional domains in 14 major locations in India.
Telecommunication companies in Bangalore, Chandigarh, Delhi, Mumbai and Pune and energy businesses in Hyderabad, Mumbai, Pune and Bangalore doled out 10 per cent plus increment for employees.
While there has been a growth in hiring across sectors, on the flip side, increments have been low and salary revisions modest at an average of 5.25 per cent.
Hiring will be stepped up from 11-14 per cent at present to 18 per cent over the first quarter of 2010, according to the report.
"Now that salary increments are back, a 7.5-15 per cent raise for temp staff, based on capabilities, is seen to be well in order to retain well-skilled people," said Rajesh A R, Vice -President, Temporary Staffing, TeamLease Services.
Some of the interesting findings of the survey are as follows:
Salary Growth is appreciably higher for profiles with sought -after skills. For instance, agriculture / agrochemicals businesses in Bangalore have rewarded many of their employees with increments of over 10 per cent.
The IT sector is cautious on salary growth with an average growth of just 7 per cent. Hiring has begun like in most other industries.
Services sector is witnessing salary growth of 6 per cent, unlike manufacturing sector with less than 5 per cent growth rate. Telecommunication, healthcare and Information Technology – in that order – have been driving this growth.
Energy, automobile and allied and consumer durables – in that order – are the only manufacturing sector industries with salary growth of over 5 per cent.
Increments in sectors like Agriculture / Agrochemicals, BFSI, FMCG, Hospitality, Manufacturing and Retail remain below 5 per cent levels. It may vary city-wise ike Agriculture / Agrochemicals pays well in Bangalore and Kochi, Manufacturing in Bangalore and Pune and Retail in Bangalore and Mumbai.
In terms of growth rate in salaries, Bangalore (6.4 per cent), Mumbai (6 per cent) and Chennai (5.75 per cent) lead growth, with Chennai dislodging Delhi from the top three high growth cities from the previous year. Indore, Jaipur and Ahmedabad are cities with the lowest growth rates in salary.
Attrition level is below 8 per cent across industries and cities .For industries such as BFSI, FMCG and manufacturing, the number is just above 6 per cent. Indore, Jaipur and Ahmedabad see the least attrition of 6.5 per cent while Bangalore and Chennai have the highest levels of attrition of about 8.7 per cent.
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