While coronavirus has impacted companies in all sectors and firms have resorted to major layoffs amid declining operations, some sectors have shown resilience because companies in these sectors can look at increased salaries for employees. While wage growth may vary from slightly positive to stagnating or even negative (as induced by the COVID-19), some “extremely qualified” profiles may increase more than 15 percent, “a study from TeamLease on Tuesday said.
The study reports that in most companies this year, the wages of workers will not be increased. In other words, this year’s growth potential can be very small. According to TeamLease’s Primer Report – 2020, only a few businesses are preparing to raise their jobs and salaries this year. This rise is, however, extremely small.
According to the report, some businesses are keen to raise their workers ‘ wages by 15%, so that they do not go somewhere else. They must be held by businesses. However, most workers’ wages are not raised this year. But there is a chance of wage rises in sectors such as e-commerce, start-ups, FMCG, BPO, IT, and wellness.
Such profiles of “COVID Proof” include Hadoop Engineer at BFSI, educational facilitators, industrial and allied selection managers, and digital marketing managers in IT and knowhow technology. In e-commerce and start-up industries, FMCG, FMCDs, IT services, the healthcare industry, and so on, some of the other work names which are likely to increase their pay are likely. “Businesses remain careful with wage rises but have not shunned rewarding skills. Indeed, the pandemic has increased the value of professional job profiles.
The trinity of skills, success, and awards has been put forward,” says TeamLeaseServices’ co-founder and executive vice president Rituparna Chakraborty.
Yet not all workers are as fortunate as those in market sectors like IT. With the automobile industry facing the headwind of recession for over a year now and the tourism and hospitality business down, there is a chance of wages declining from fitters in the car and alliance sectors and tour operators in hostels.
These profiles are likely to show high levels of growth as customer preferences and behaviors shift. Such roles include e-commerce and start-up warehouse executive, beauty adviser, medical and pharmacy sales support executive, and power and energy finance manager, and others.
