According to a recent survey, Indian telecom industry saw 40% downfall in hiring activities with the entry of Reliance Jio Infocomm. While telecom operators and recruiters mentioned that the sector will see stable growth in hiring the manpower in coming six months. The downfall in hiring activities was complemented by a sharp drop in attrition rates as telcos utilize existing staff for their core telecom businesses.
Companies like Vodafone India and Idea Cellular are looking to hire marketing and sales roles at junior levels to add or retain subscribers in digital payments and (IoT) internet of things. Hiring experts say salary hikes for the year 2016-17 are expected to be low than last years average growth of 9%. Some companies saw 30-40% drop in hiring activities as compared to last year and expected to see same trend for coming quarters also. Salary increments for the year 2017 set to be lower than the year 2016, study says.
Telecom companies recruit for various experience levels and roles across the industry for their clients, as operators and device makers prefer to use internal job postings to outside hires. The entry of Jio had created huge pressure on telecom operators and expected to continue for next six months. Telecom operators predict that hiring may moderate in FY17. Some companies are looking to hire for various roles including technology, business to business (B2B) and digital segments. The rise in business operations had created demand for new age skill sets like digital, IoT and big data. Indias largest telecom operator Airtel is hiring fresh graduates for various segments and verticals. The company is looking to strengthen its online payment by adding more manpower across banking operations domains. However attrition rate in telecom industry was 15% as compared to 24% previous year. Since 2014, telecom sector had seen an average rise of 9-9.5%. Experts say it will decrease this year, some companies are practicing resource utilization strategies to save talent costs.
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