The increasing demand for the limited talent pool has increased the salary levels of professionals across the industry-phenomenally-often a few multiples in the last 3 yrs.
I have always had a pet theory-an organisation needs different kinds of people for different stages in the lifecycles of their growth. Every company has a need for some 'maintenance' professionals (who would keep the existing business running -and grow it), and another set of 'development' professionals- who would help the company shift gears, change the plane of operations -and take them to the next level!!
This year, I am vindicated as one sees some distinct trends emerging :
Companies are thinking laterally.
Global majors prefer experienced candidates over novices.
Companies in the sunrise industries, like infrastructure, logistics, warehousing, and retail seem to find ready made talent unavailable -to run business units. While most have hired returning Indians with a proven track record, we now find B schools a talent pool for the seniors too!
Job profiles being offered are also in the higher echelons of management such as vice-president, director, associate director, general manager and vertical heads for India.
Wealth management cos bullish on hiring HNI's
The list of those who’re roped in not only includes the creme de la creme of the society but also sons and daughters of some of the leading politicians. The rationale ?“Such employees generate leads, and in some cases they also educate their peers about the importance of wealth management. Since they come from a similar background as of prospective clients, the clients are also comfortable with them”!