THESE ARE ATYPICAL times. The once-ina-century Black Swan event of 2021 and 2022—we’re not talking Covid-19 necessarily; we’re talking lockdowns—forced governments, companies, schools, colleges, you, me, everybody, everywhere in the world, to go digital. As industry after industry sank to their knees in the face of the lockdowns, corporations frantically upped the pace of digitalisation, unwilling to be caught napping anymore in any lockdown-like scenario, or any other unforeseen-event scenario.
Yet, today it is the tech sector that is handing its employees the most pink slips in a layoff maelstrom.
Flip the coin. Employees are also merrily hopping jobs. I can’t buy an iPhone with this salary, I’m leaving. I don’t like my boss, I’m leaving. This industry has no future, I’m leaving. I’m too good for you, you’re not able to use my skills properly, I’m leaving. I’m falling behind, not learning anything new, I’m leaving.
All this, despite mass layoffs in some sectors, global recessionary fears, and inflationary pressures having taken root by mid-2022. Data from HR consulting firm Aon shows India Inc.’s voluntary attrition (as in, you decide to quit) rising to 17.5 per cent at the end of 2022, compared to 15.7 per cent in 2021. That difference is rather significant. In 2021, skyrocketing salaries, exorbitant joining bonuses and multiple job offers had become the norm in the Indian IT sector because of the digitalisation boom across industries. Yet, even in early 2023, it continues to be an employees’ market.
Bu hikaye Business Today India dergisinin April 30, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Business Today India dergisinin April 30, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
The EV Craze
The country’s growing luxury car market is seeing a shift with environmentally-conscious consumers betting on electric vehicles as a sustainable travel option. Though just 6%, the share of EVs in the luxury segment is rising rapidly
The Storage Boom
Data centres are being built at a frenetic pace in india as companies scramble to meet the ballooning demand from mobile phone users and firms adopting al. Can the country’s energy infrastructure keep up?
India Beckons
Owing to rising incomes in India and overall wealth expansion, luxury brands are wooing the country like never before
The Pearls of The Sea
Caviar, that rare food, is considered the epitome of fine dining. Here is everything that you need to know about it
66.Brand persona should define the core"
I’d say this was a strategic pivot. We had an iconic brand, but had, over time, evolved into diversified lines of businesses that could no longer be represented within the confines of our ‘name’.
Unwind in Style
Here is acomprehensive list of top tech picks that help you unwind by blending perfection in performance with luxury
A Lifelong Affair with Inspiration
In my art journey, the diversity of my acquisitions mirrored the expanding horizons of my understanding of art
Make it Bubbly
Champagne is much more than just a symbol of celebration and success. Know about its nuances beyond the bubbles
Palatial Splendour
Buoyed by renewed demand, sales of the glitzy mansions of the ultra-rich are surging like never before. Real estate majors are looking to capitalise on this by launching luxury offerings in record numbers
Of Beaches and Cream
GianChand Single Malt Whisky