Published by INDIA CHRO FORUM
July 4, 2017 -
in
Technology
Where are the jobs in India?
Information technology companies no longer seem the growth engines of the service sector. E-commerce start-ups are seeing big erosion in valuation and investors are marking them down in their portfolios. The media is going ga-ga with the slightest of speculation, as surveys portray the sentiments being low. There is a surely a wait & watch approach as most companies are not yet sure
how the policies, for eg due to US immigration and Brexit, are likely to pan out.
The market corrections were due anyway. After we are all in the midst of perhaps the most dynamic of times (VUCA is the new normal?). And considering that companies tinker with their recruitment tactics, it is only a matter of time when the healthy growth of companies will drive the economy for the right reasons.
Personally, I see that while most entry-level jobs have vanished (it had got to a point where, well almost all, trespassers in any campus were being hired), the bulk of hiring is now happening in the 3-8yrs level of experience. Interestingly, with not much decline in the mid-senior & senior level hiring. Of course the companies are now more discerning about whom they hire. In a market where most high performing employees get 10-15% annual hikes, those looking for greener pastures elsewhere are being wooed by double the hike, most employers are now willing to pay a premium for those who deserve. One thing for sure, as a ringside observer, the good days are coming.
One should understand what are the skills in demand, as companies are mostly hiring for replacement roles by creating new roles, and for those who possess not just local but also international experience.
The Views Expressed Here Are Personal Of The Author And Not Representative Of The Organization In Any Way.
Profile: Achyut Menon is Managing Director at Options Executive Search Pvt Ltd
Publsihed With Permission.