MindIt

Acreaty Management Consultant (P) ltd, Yoma Multinational Solutions llP and Aqua Mobiles together conducted a research on hiring trends in  the Telecommunication Industry. The research findings include the following pointers:

• Unemployment in the telecommunications sector continued its waning trend reaching a low 1.7 per cent in March 2015, according to the US Bureau of labor Statistics (BlS), down from 1.9 per cent in February, 3.1 per cent in January and 6.1 per cent in December.
• Employment ranks in the telecom industry have continued on an upward trend. According to the BlS, there were 863,400 telecommunications-related employees in March.
• The BlS figured wages at $31 per hour with an average of 38.6 hours worked each week, equating to a weekly income of $1,196.
• The IT & Telecoms professional workforce in Wales has more than doubled since 1992.
• Constant addition of subscriber base in the mobile, fixed line, wireless and broadband services have fuelled a need for more jobs in the sector.
• The broadband services user base in India is expected to grow to 250 million connections by 2017.
• nIndia will emerge as a leading player in the virtual world by having 700 million internet users of the 4.7 billion global users by 2025, as per a Microsoft report.
• The industry has attracted FDI worth over $16,994 million during the period April 2000 to January 2015 due to big investments and developments in the sector, according to the Department of Industrial Policy and Promotion.

The Indian telecom sector is expected to generate, directly and indirectly, over 40 lakh jobs in the next five years.

The report directs to conclude at the impeccable transformation of the Indian economy with the contribution of the telecom sector. The increased FDI contribution and the latest government reforms have further initiated the recruitment drive in this segment. 

Three technology trends that are expected to create an impact on the industry, which, in turn, will affect hiring, are - big data analytics, mobile financial services and network functions virtualisation.

In conclusion, the report establishes the fact that the telecom industry in India is perhaps the most rapidly evolving sector, making it one of the most interesting and widely growing industries, further resulting in the creation of jobs and better telecommunication services spread all across the globe.

Acreaty Management Consultant (P) ltd is a  management consulting firm which provides service-solutions like outsourcing, executive placements, corporate training and business advisory; Yoma Multinational Solutions llP provides comprehensive HR solutions. It operates in four key domains  — employment, employability, training and consulting advisory solutions; Aqua Mobiles is a mobile phone manufacturing start-up launched in 2009.