The survey underlines how the pressing need to innovate led to the creation of a number of ‘hot’ employment opportunities. Of the 17 sectors surveyed, five created new hot jobs and seven witnessed a flurry of new upcoming ones, it says.
The ‘hottest hot jobs’ category includes Artificial Intelligence Specialist – (BPO and IT Enabled Services), Augmented Reality Expert – (Ecommerce and Tech Start-ups), Genomic Portfolio Director – (Healthcare and Allied Industries), Master Edge Computing – (Information Technology and Knowledge Services) and Digital Imaging Leader – (Retail).
Broadly, the top job profiles as shown by the survey are: Analyst – Liquidity Risk Controller (Banking, Financial Services and Insurance), Finance/Budgeting Manager (BPO and IT Enabled Services), IT Applications Executive (Educational Services), IT Service Manager (Healthcare and Allied Industries), and Network Engineer (Information Technology and Knowledge Services).
Among the job profiles that got a pandemic boost, the fastest growing ones are: Network Engineer (Information Technology and Knowledge Services — salary growth 10.89%), Asset Sales Executive (Banking, Financial Services and Insurance – 8.20%), Sourcing Manager (BPO and IT enabled Services – 7.36%), Sales Officer (Telecommunications – 6.00%), and Business Operations Analyst (Automobile & Allied – 4.67%).
Jobs that require high levels of expertise are growing in stature during Covid times. These jobs are offering around 11% or more pay hikes, as compared to the broader market average of “1.73% (minimum) and 14.07% 1.73% (minimum) and 14.07% (maximum) across sectors and cities”, the survey has found.
The sector that saw salary growth of more than 10% are Banking, Financial Services and Insurance, Healthcare and Allied Industries & Information Technology and Knowledge Services.
Among these sectors, the highest average salary hikes are being seen in case of Banking Trainer, a super-specialised job profile, at 11.32%. The other two notables are Compliance Officer (Construction & Real Estate : 11.10%) and Software Test Specialist (IT and Knowledge Services – 10.58%).
All the rage
With the advent of work-from-home deeply changing the nature of business, sales and IT functions have become all the rage, the survey notes. Openings in sales positions are growing fast in a business environment adjusting to post-lockdown dynamics.
In sales, current ‘rage’ jobs include Brand Centre executive, Merchant Relationship Executive, CRM and Sales Administrator, and Influencer Marketer. In IT, the roles of SQL Analyst, UI Designer, Software Test Specialist, and IT Infrastructure Engineer have grown by leaps and bounds post-Covid, the survey observes.
Good times for pay parity
In pre-Covid times, the difference between salaries of permanent and temporary workers used to be a significant one. This variance is now down to less than 5% for a large number of jobs across sector, the survey has found.
Automobile and Allied Industries, and BPO and IT enabled Services are the sectors where the difference in salary is “significantly less than 5%”, the survey says. The other noteworthy examples include Agriculture and Agrochemicals,Construction & Real Estate, FMCD, FMCG, Healthcare & Pharmaceuticals, Hospitality, Industrial Manufacturing & Allied, Media & Entertainment, Power & Energy, Retail and Telecommunications.
Paymasters: Best & worst
The sectors that witnessed more than 10% salary growth during the Covid year have been placed in the best paymaster category by the TeamLease survey. These include: Banking, Financial Services and Insurance, Healthcare and Allied Industries & Information Technology and Knowledge Services.
The bottom paymasters, on the other hand, include Agriculture and Agrochemicals, Automobile & Allied, BPO and IT Enabled Services, Construction & Real Estate, Ecommerce and Tech Start-ups, Educational Services, Fast Moving Consumer Durables, Fast Moving Consumer Goods, Hospitality, Industrial Manufacturing and Allied, Media and Entertainment, Power and Energy, Retail, Telecommunication.
One of the most notable findings of the survey pertains to the jobs that turned out to be Covid-proof. Despite the devastation wrought on businesses by the second wave, the demand for several job categories remained, and is likely to remain, steady.
This category is topped by Market Development Officer – Agriculture and Agrochemicals, Finance Consultant – BFSI and Team Manager – BPO and IT Enabled Services, in that order.
The survey also highlighted which jobs are likely to benefit from business continuity owing to their adaptability to the new range of requirements related to working from home.
The sectors that are likely to benefit from business continuity include Banking, Financial Services and Insurance, BPO & ITeS, E-Commerce & Tech Startups, Educational Services, Information Technology and Knowledge Services, the survey says.
On the other hand, the sectors that have WFH roles but are unlikely to benefit include Agriculture and Agrochemicals, Automobile & Allied Industry, Healthcare & Pharmaceuticals, FMCD, FMCG, Retail, Media & Entertainment, etc.
Five-year salary trends (Source: TeamLease survey)