On his first visit to India, Gary Burnison, Global CEO of Korn/Ferry International, a global management solutions firm, spoke to BT's Manu Kaushik on the Indian job market. Excerpts:
How do you see the Indian job market over the next few months?
The high GDP growth rate will continue to create more jobs in India across sectors in the long term. However, trends in sectors such as financial services and realty are likely to remain subdued and may create a ripple effect.
As job cuts become reality, which sectors do you see bucking the trend?
Despite the current hiring freeze, companies in the telecom, BPO and infrastructure space are going to increase their headcount. The telecom sector, which is adding almost 8 million subscribers per month, has already attracted investments from foreign players.
Will the global crisis affect salary levels in India?
In India, there is a shortage of professionals at the senior level with multi-country, multi-culture experience. So, top management jobs will keep attracting high compensation packages. We might see some correction happening in the mid-level though.