MUMBAI: According to a report, Indian industry is likely to give an average increase of 9 per cent in salaries this year due to a more positive investment outlook, especially in manufacturing and infrastructure development. According to the Michael Page Salary Report 2022, the typical wage increase in 2022 is going to be 9 percent against 7 percent in the pre-pandemic year of 2019. Startups and new-age corporations teamed up with Unicorn to say it’s leading the trend, with typically projected growth of 12 percent. The growth sectors include banking and financial services industries, property and construction as well as manufacturing, the report said. Senior level professionals with computer science backgrounds are responsible for the growth of e-commerce and other sectors undergoing digital transformation. Reason would be in a good position to negotiate for some of the highest paying jobs in India. Data scientists (especially those familiar with machine learning), web developers and cloud architects will be in high demand, especially if they have a bachelor’s degree or master’s degree from a top-rated university, the report said. It states that the average salary of technologists is expected to be higher than that of professionals with similar educational qualifications in other job functions. The Michael Page Salary Report 2022 is based on information and facts derived from its proprietary data and network in India, including 2021 Includes job advertisements and placements made in the U.S., including salary projections for 2022. The report further said that companies are now looking at retaining top performers. Short – quarterly or semi-annual – valuation cycles, with an array of offers including promotions, variable pay-outs, stock incentives, retention bonuses, and mid-term growth. The report said that employers do not expect any further significant impact of the pandemic on the market and are excited about future business plans. It said that high-performing individuals and employees with specific skills have higher-than-average wages. One can expect growth (20-25 percent or even more on a case-by-case basis) as most organizations have become agile to retain their top talent. “The overall mood is positive as there is a general feeling that the pandemic is behind us. The hiring market has seen an impressive rebound, with companies competing against each other to attract and hire the best talent. The mega boost is the result of increasing job losses, acute shortage of talent and in-demand skills shortages which are mainly driving up salaries,” said Michael Page Managing Director Bharat Ankit Agarwal. He added that the market for professionals with niche skills The acute shortage of such talents in the U.S. will result in higher salary increments. “Remuneration may be important, but it is not everything in talent attraction corporations that will focus on people-first strategy from leadership communication, mental well-being and flexible opportunities will ultimately win the talent battle,” he said.

Apr 7, 2022


Sucheon: Indian shuttler PV Sindhu entered the quarterfinals with a comfortable straight-game win over Japan’s Aya Ohori but Lakshya Sen and Malvika Bansod crashed out after losing their second round matches at the Korea Open Super 500 badminton tournament here on Thursday. . World No. 7 Sindhu, a two-time Olympic medalist, defeated world No. 26 Ohori 21-15, 21-10 to win 12-0 against the Japanese in a one-sided contest. in 13 meetings.

The third seeded Indian will next face Thailand’s Busanan Ongbamrungphan, whom she defeated in the final of the Swiss Open last month. The former world champion, who has won two Super 300 titles this season at the Syed Modi International and the Swiss Open, has taken a 16-1 lead in 17 matches against the world No. 11 Thai player.

World Championships bronze medalist Sen, who is ranked ninth in the world, lost 20-229-21 to world number 24 Shesar Hiren Rustavito in 33 minutes. The country’s other fast-rising shuttler Bansod also failed to reach the quarterfinals as she was beaten 8-21, 14-21 by Thailand’s Pornpawee Chochuwong in a second round women’s singles match that lasted 39 minutes. This was also the curtain for the mixed doubles pairing of Sumeeth Reddy and Ashwini Ponnappa. The two fought hard but eventually lost 20-22 21-18 14-21 to fifth seeds Ou Xuan Yi and Huang Ya Qiang of China in a fierce battle that lasted for an hour.

During the 37-minute second round match, Sindhu did not appear to be in much trouble as she kept things under control to reign supreme. The Indian started well and only once did Ohori take a slim one point lead at 8-7, but it was wiped out in no time as he finished the opening game comfortably. The Japanese tried to bounce back with an 8-4 lead in the second, but Sindhu knocked on her opponent in the next, grabbing 17 points from 19.

Earlier, sixth-seeded Sen, who has been in sensational form over the past six months with consecutive final finishes at the German Open and All England Championships, was beaten by Rustavito in the first game. The 20-year-old Indian then lost steam and humbly struggled to accept the tie in the second.v