After losing 100,000 in 2 years, telecom to become a net hirer
MUMBAI: The telecom sector, which has lost over 100,000 employees in the last two years amid financial turmoil and consolidation, is set to turn a net hirer in FY20, with an expected 5% increase in manpower, executives said. They are looking to recruit from companies such as Microsoft, Google, Tata Consultancy Services (TCS), HCL Technologies, Ericsson and Nokia to help with network digitisation and preparing for 5G.From about 300,000 people employed directly and indirectly in FY17, the workforce at operators and tower firms has dropped to 180,000, said a top industry executive. “There was barely any hiring in the last two years because of consolidation and now we expect a 5% increase by the end of this financial year (through March 2020).” 69951132 Intense competition forced some operators to exit, become defunct or merge, resulting in the number shrinking to three companies — Bharti Airtel, Vodafone Idea and Reliance Jio Infocomm. Even the towers industry has seen consolidation.But with tariffs stabilising over the past year or so and average revenue per user (ARPU) starting to rise for Bharti Airtel and Vodafone Idea, industry revenue is expected to rise in FY20, signalling that the worst may be over.While some senior-level hiring took place at salary levels upward of Rs 1 crore in the past few years, recruitment has started for other grades as well, said experts.“The current demand is primarily for highly specialised skills in the junior to mid-level hierarchy in the twofive years (experience) bracket,” said Rituparna Chakraborty, cofounder of staffing firm TeamLease Services.She added the advent of 5G was one of the main reasons why the industry, including handset makers, original equipment makers (OEMs) etc., will hire people. “5G will not only improve network performance and productivity but eventually will create more highskilled job opportunities,” she said. “The job-creation estimate for first half of the current fiscal is 33,100.”Even field positions, which at times have an attrition rate of 30%, are opening up, said Kamal Karanth, cofounder of Xpheno, a specialist staffing company that works with telcos. Junior posts for engineering graduates are also opening up “but the main demand is for IT, digital marketing, innovation and R&D,” he said. The telcos are looking for candidates from companies such as Ericsson, Nokia, TCS, HCL, Microsoft and Google, he added.“We are expanding our consumer businesses and Jio continues to be a net recruiter in the industry,” a Jio spokesperson said. Vodafone Idea’s CEO Balesh Sharma told ET recently that the company’s hiring freeze was over. Airtel did not respond to queries.
from Economic Times https://ift.tt/2X7QTnl
from Economic Times https://ift.tt/2X7QTnl
Nice blog, very interesting to read
ReplyDeleteI have bookmarked this article page as i received good information from this.
enterprise mobility software solutions in us
mobility solution company in us
erp in chennai
mobility software companies in us
erp implementation in us
crm software development cost in us
ReplyDeleteAwesome! Thanks for sharing this informative post and Its really worth reading.
best catering services in chennai
top catering services in chennai
corporate catering services in chennai
taste catering services in chennai
party catering services in chennai