On the salary front, top paymasters for 2022 include ecommerce and tech startups, healthcare and allied industries, information technology and knowledge services, which saw increments of more than 10%.
Those at the lower end, with lesser than 10% salary growth, include agriculture and agrochemicals, automobile & allied, BFSI, BPO and ITES, construction & real estate, educational services, FMCD, FMCG, hospitality, industrial manufacturing and allied, media and entertainment, power and energy, retail and telecom, revealed the survey.
Two functions that have benefited from the onslaught of the pandemic—sales and IT—are still going strong as they remain critical for the return to normalcy. Average salary growth for sales profiles is 7.41%, while that for IT profiles is 9.23%.
“Business sentiment is positive and the worst is over for the Indian labour market,” said Rituparna Chakraborty, co-founder, TeamLease.
“Salary de-growth, which had taken centre stage across industries in the last two years, seems to be tapering off. Out of the 37 job roles reviewed, only 11 have indicated a de-growth (less than 0% hike in remuneration), which is 24% less than last year,” added Chakraborty.
“However, the double-digit hikes, which we have seen in the pre-Covid times, are still away for general job roles. Having said that, employers continue to offer a premium to super-specialised job roles.”
Roles that are highly specialised are in unprecedented demand and are being rewarded more handsomely than ever, found the primer, with increments in the category inching up from 11% to 12% this year.
Top super-specialised profiles include automation engineer (information technology and knowledge services: 10.71%), consultant content writer (ecommerce and tech startups: 10.11%), R&D analyst (healthcare & pharmaceuticals: 10.07%).
On an average, salaries grew by a minimum of 4.11% and a maximum of 10.71% across sectors, compared to a minimum of 3.08% and a maximum of 10.33% in FY 2020-21.
Besides renewed demand for long-standing jobs, innovation across sectors is also spurring the creation of ‘hot’ and ‘upcoming’ jobs, a combination of which are leading to the overall market growth.
According to the primer, the ‘hottest hot jobs’ include field scientists (agriculture and agrochemicals), EV technical experts (automobile and allied industries), digital marketing managers (ecomm and tech startups), KYC analysts (BFSI), food technologists (FMCG), curriculum developers (educational services) and SaaS ops engineers (IT and knowledge services).
Nine out of the 17 sectors covered in the survey created new hot jobs and six sectors created new upcoming jobs this year. In comparison, in the 2021 edition, hot jobs were created by seven of the 17 sectors; upcoming jobs by five of the 17 sectors.
The Jobs and Salaries Primer is an annual report from TeamLease that analyses hiring and salary trends across industries. The latest edition takes into account the salary payouts of nearly 410,000 candidates across 17 sectors and nine cities.