Gap between temp, perm jobs narrow as salaries de-grow

De-growth in salaries in several job profiles has led to the reduction of gap between temporary and permanent jobs in a large number of sectors, says Teamlease Services.

As per the Jobs and Salaries Primer survey, 15 out of 17 sectors have achieved near pay parity between temporary and permanent salaries. These sectors include automobile and allied sectors, BFSI, BPO, construction and real estate, educational services, fast moving consumer durables, FMCG, healthcare and pharmaceuticals, IT, hospitality, industrial manufacturing and allied sectors, media and entertainment, power and energy, retail and telecommunications.

Among these 15 sectors, BFSI, construction and real estate, media and entertainment as well as telecommunications have seen variance which is significantly less than 5 per cent. These sectors also fall under the category of bottom paymasters.

“The narrowing of the gap between the temporary and permanent jobs had been happening even before the pandemic. The economic slowdown had already been affecting the salaries,” said Rituparna Chakraborty, co-founder and executive vice president of TeamLease Services.

According to her, if the average variance was 4.7 per cent in 2019, it came down to 4.3 per cent in 2020. “Covid-19 would have reduced the termperm gap further. Our estimate is around 4 per cent,” she said.

The pandemic has seen de-growth in salaries of several permanent job profiles in these sectors. According to Chakraborty, across sectors an estimated 79 per cent of job roles have been affected by a salary stagnation or salary de-growth.

However, the study also finds that a few select jobs are still commanding a salary growth despite the Covid-19 impact on the sectors. These include Hadoop developer in BFSI, animators working in the educational services, Collection Officer in industrial manufacturing and allied and digital marketing heads in information technology and knowledge services.