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Staffing Solutions
Just Out of College? Advice for Fresh Graduates on Job Hunting
Keep the basics right – getting CV proof-read by others (if required, get professional help), do strategic networking, and keep an open mind. Know where to look for the jobs. Despite tough times, some of the sectors and segments are still doing well in 2017. You also need to be ready for starting low. The first 2 – 3 years are always hard, especially in India. INR 2.25 lakh per annum used to be the average starting package for freshers two decades ago. Now, they have risen only to Rs. 3.5 lakh, which suggests a massive decrease in real wages from an inflation-adjusted perspective.
Fast moving consumer goods (FMCG) companies are the most lucrative ones to work for in India, according to the findings of a survey. With an average annual cost-to-company (CTC) for talent across all levels and functions at INR 11.3 lakh, FMCG industry’s employees get the highest pay in India. Despite slow growth, IT sector is still a healthy one, provided you have got the right skills. It’s very important to have picked up the right skills at the right time. Pharma-Healthcare is another sector that provides huge career and job opportunities. It would be also great to explore the food and agriculture sector at this time. Know more about the current trends in the bio-pharmaceutical industry in India. Job scopes are also very bright within the environment and energy sector. Graduates with expertise in green architecture and renewable energy will have good scopes in the coming years. Telecom and allied services and energy are the two sectors that intend to hire the most, followed by hospitality, banking, insurance, travel, BPOs and automobiles. While automation is being accused of making some jobs redundant, it can also create new kinds of jobs. Artificial intelligence and automation will hold the key to the new kind of jobs. Last but not the least, e-commerce will be another hot sector to look out for. E-commerce sector reported the highest voluntary attrition rate of 20.4% and the highest salary increment at 12.5%.