‘The Growth in Salary is a Positive Indicator and This Will Set the Tone for the Future and Will Build the Confidence of the Market’

Sumit Sarabhai, Business Head, TeamLease Services Ltd speaks to India Employer Forum about salary variants in permanent and temporary jobs, salary growth rates, the rise of new jobs and upcoming jobs, top paymasters, increased demand for talent and more.

He said, “The impact of global layoff across Industries is a decent one, considering the challenges faced due to the pandemic and the complete dynamics which changed post-pandemic. While some Industries like Healthcare experienced great opportunities and growth, there was an impact due to global layoffs. Although the impact in India was far too less in terms of percentage if you compare globally.”

“Also, I think the salary increase across industries could be considered positive as it suggests some level of growth and indicates that the organisations are recognizing the value of the employees. With so many things happening around, I think the growth in salary is a positive indicator and this will set the tone for the future too and will build the confidence of the market.”

Watch the full interview: In Conversation with Sumit Sarabhai, Business Head, TeamLease Services Ltd

About Sumit Sarabhai

Sumit Sarabhai is a management professional specialising in Personnel Management & Industrial Relations. He is also a Certified Life Coach and a Certified NLP (Neuro-Linguistic Programming) practitioner. He currently heads the Emerging vertical in staffing at TeamLease. He has over 22 years of experience in HR, Business Development, Talent Acquisition, Strategic Account Management & Operations across the Retail, Security and Staffing industries. Sumit has previously worked with organisations like Shoppers’ Stop, Randstad (formerly known as Ma Foi Management Consultants), Adecco, Quess Corp Ltd (formerly known as Ikya) & Terrier Security Services (A Quess Corp company).

Disclaimer: The opinions and views expressed in this article, including any accompanying data, are the sole responsibility of the author and should not be construed as reflecting the official policy or position of India Employer Forum.

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