Telcos Including Reliance Jio, Airtel & Vodafone Idea Giving Higher Salary Hikes Amid Talent War

The telecom industry companies, including top operators Reliance Jio, Bharti Airtel and Vodafone Idea are giving higher salary hikes this year, as per ET. On an average, they are rolling out 10-12% hikes for this financial year, which is a significant increase compared with the average increment of 7.5% last year, staffing firms reportedly said.

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

Most of the companies have communicated the pay hikes to employees. While some have already given out the higher salaries, others are expected to implement them effective July, the staffing firms said.

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HR experts reportedly said while operators are looking to retain as much talent as possible to prepare for the rollout of 5G services, they are also making significant investments to up-skill and re-skill high-performing employees. Estimates put the increase in the HR budgets in telecom sector companies at 8-10%.

From a profile standpoint, the sales and tech profiles have driven the hikes this cycle. With Covid increasing the adoption of digitisation in the telecom sector, customer-facing jobs and those on the technical back-end have gained prominence; the demand for the latter has also been boosted by the impending roll-out of 5G technology. There is also high demand for talent in cloud computing, artificial intelligence analytics, IoT and mobile app development.

Deval Singh, business head of staffing services firm TeamLease Services, said the carriers are aligned with each other when it comes to paying out salaries and aren't overdoing it yet, as per ET.

The telecom industry employs an estimated 4 million people, including infrastructure and equipment providers, virtual network operators and other segments, according to TeamLease.

There is a war out there for top talent, especially for those with expertise in new technologies.

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¡°This kind of talent comes with a higher ticket price and like any other industry, even the telecom industry is offering good perks to procure and manage this new-age highly skilled talent,¡± Singh reportedly said.

Besides the telecom industry, the IT sector in India has been witnessing high attrition rates since the past few quarters, with giants like TCS, Wipro, Infosys,HCL etc seeing the great resignation spree continuing amid the pandemic. While most companies have ramped up hiring, some have been trying different ways to retain talent as well. Like HCL had announced the 'Hire To Retire' Platform to solve high attrition problem earlier this year.

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