India’s robust growth to boost employment opportunities in 2018: Michael Page India

Surge in demand for professionals in pharmaceuticals, consumer goods, logistics, fintech and big data 

Mumbai, 3 April 2018: Leading professional recruitment consultancy Michael Page today released its India Salary Benchmark 2018 report. The research explores and evaluates the growth across several industries in the Indian markets, the evolution of these sectors and the consequent increase in hiring activity.

The India Salary Benchmark 2018 report, focusses on multiple sectors such as sales and marketing, legal, digital, engineering, marketing as well as supply chain and procurement.

India’s progressive economy has created demand for highly-specialised job roles which require skilled professionals. This includes digital marketing heads, head of taxation with GST implementation experience, compliance specialists as well as engineering experts in Cloud, Full Stack, AI and UI/UX.

On his insights, Nicolas Dumoulin, Managing Director at Michael Page India says, “Bolstered by the economic growth observed in 2017, talent acquisition also witnessed an uptick across several sectors. With the Indian government constantly pushing reforms to receive economic growth through proactive measures, Michael Page India is anticipating these optimistic trends to continue across the key sectors.”

Key highlights from the report include:

§  Technology, digital and analytics: Technology such as machine learning, AI, Internet of things (IoT) and predictive analytics is remaking the business landscape. Industries ranging from a variety of consumer, logistics and healthcare will be searching for technology professionals with relevant skills, such as digital transformation, data security and cyber security. Companies are offering an average salary rise of 26-30% for candidates to move jobs.

§  Procurement & Supply Chain: India is on the cusp of becoming the manufacturing and shared services hub for South East Asia, the demand for professionals skilled in logistics, planning, strategic procurement, warehousing and inventory will see a significant rise. In addition we see an increase in hiring within manufacturing because of the “Make in India” campaign and favourable new policies in selected states.

§  Banking & Financial Services: 2018 will see steady demand for candidates across functions such as risk, data analytics, robotic process automation and regulatory compliance. Roles in credit risk and data sciences will continue to grow within fintech companies and NBFCs.

Professionals in India have a number of exciting opportunities in 2018 to upskill themselves and grow with the demands of a fast-paced economy. As an increasing number of companies continue to digitalise and automate their processes, those who can acquire experience in such projects will have the competitive edge in securing jobs.

Editor’s Notes: The Michael Page India Employment Outlook 2018 covers market and recruitment insights. Compiled with employment figures from our database in the last 12 months, the report contains in-depth analysis and projections in key sectors such as banking, financial services, accounting, sales, marketing, human resources, legal, procurement and supply chain. Download the Michael Page India Employment Outlook 2018 here.

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