Telecom Inc. Raises Salary Amid Talent War, Telecom News, ET Telecom

Telecom Inc. Raises Salary Amid Talent War, Telecom News, ET Telecom

The telecom industryincluding top operators Trust Jio† Bharti Airtel and Vodafone ideagive salary increases averaging 10-12% for this fiscal year, a significant increase compared to the average increase of 7.5% last year, according to employment agencies.

For the three telcos, they said the average increases are 8-12%.

Most companies have communicated the pay increases to the employees. While some have already handed out the higher salaries, others are expected to introduce them in July, the employment agencies said.
Telecom Inc Raises Salary Amid Talent WarDeval Singh, business head of telecom, IT& ITeS, media and government at employment agency TeamLease Servicessaid the carriers are aligned when it comes to paying salaries and don’t overdo it yet.

to trust yo, Bharti Airtel and Vodafone idea did not respond to ET’s questions until Thursday.

the telecom industrywhich includes infrastructure and equipment suppliers, virtual network operators and other segments, employs an estimated 4 million people TeamLease†

There is a war going on for top talent, especially those with expertise in new technologies. “This kind of talent comes with a higher ticket price and like any other industry, even the telecom industry offers good benefits to acquire and manage this new highly skilled talent,” said Singh.

A report from staffing agency TeamLease indicates that as of June 2022, metros – Delhi, Kolkata, Mumbai, Bengaluru and Chennai – accounted for 80% of hires, and small and medium-sized enterprises (SMEs) for 77%. In other words, while telecom jobs abound in the larger centers like the subways, the bulk of hiring is done by the small and medium-sized businesses.

HR experts said that while operators want to retain as much talent as possible to prepare for the rollout of 5G services, they are also making significant investments to upskill and retrain high-performing employees. Estimates estimate the increase in HR budgets at telecom companies at 8-10%. From a profile point of view, the sales and technical profiles have driven the gains of this cycle. As Covid increases the adoption of digitization in the telecom sector, customer-facing jobs and those in the tech backend have gained importance; demand for the latter has also been boosted by the impending rollout of 5G technology. Talent in cloud computing, artificial intelligence analytics, IoT and mobile app development is also in high demand. “In-house talent is retained through retention strategies, such as market corrections, higher raises and one-time bonuses,” Singh said.