R&D to drive auto-sector hiring into top gear; design, engine and fuel side to hire more.
Rebounding from last year’s hiatus in hiring, the Indian auto industry is set to witness a revival in FY 2018. As per ‘India Hiring Intent’—a recent study undertaken by PeopleStrong, the HR solutions provider— the industry will see an increase of about 8-12 per cent in hiring compared to last year.
While these figures may not look very encouraging, they do indeed reflect a brighter prospective for individuals looking for employment opportunities in the auto sector.
According to the report, a majority of this hiring will happen in the R&D segment of the auto industry, wherein the focus will be in the areas of design, engine and fuel side. In comparison to last year’s numbers, this segment is expected to see an increase of about 12–15 per cent.
Additionally, the hiring for these roles is happening increasingly for segments requiring new-age talent and skills. One such segment, as seen in accordance with contemporary demand, is that of electric vehicles.
Speaking on the prominence gained by such roles, Shailesh Singh, VP & head- recruitment business, PeopleStrong says, “The R&D sector of the auto industry seems to be on a hiring boost, especially for roles that require an individual to be equipped with differentiated skills. Since these skills are very niche, there has been about a 15 per cent increase in the average compensation that is being offered to R&D roles.”
As far as manufacturing and sales/marketing roles are concerned, the hiring increase might not be that significant, ranging somewhere around 8–10 per cent only. Almost 50 per cent of this hiring will happen in the experience range 1–10 years. Another trend expected in the year is in the passenger- vehicle segment, which will see more hiring activity than the commercial-vehicle segment.
With regard to this development, Singh adds, “With the kind of push that the Government is giving to infrastructural development, the commercial-vehicle segment will catch up in the next 8–12 months.
However, in this segment, the hiring will primarily be driven by the manufacturing, sales and marketing roles. While there will be jobs in the R&D roles as well, this number will not be very significant.”