IMPACT OF RECESSION ON SALARIES ACROSS THE ANALYTICS DOMAIN — BY AIM & JIGSAW ACADEMY

Full Article — https://analyticsindiamag.com/impact-of-recession-on-salaries-across-the-analytics-domain-by-aim-jigsaw-academy/

The recession, due to the Covid — 19 pandemic, is already impacting jobs in India, including jobs in the Analytics and Data Science space. While globally the looming recession is significantly affecting employment and jobs across industries, in India the negative impact is expected to be relatively less across enterprises and sectors. Indian IT enterprises, in times of recession, provide cost benefits, along with significant value and efficiencies, to global enterprises, and are able to weather the impact of downturns.

FMCG, Telecom, and Media & Digital firms usually see a moderate contraction in revenues. The BFSI sector, especially the Domestic Banks receive significant support from the Government and the Reserve Bank of India (RBI). Keeping this mind, the current recession might have a corresponding moderate negative effect on the analytics units across industries. On the other hand, the effect of the recession could be severe on the Automotive & Industrials and Captive BFSI firms and their respective analytics units.

Recession Impact on Salaries of Analytics Personnel

AIMResearch in association with Jigsaw Academy has developed this report to estimate the broader impacts of the recession on salaries across the analytics industry — this would cover the short to medium to long-term impact on salaries (sector-wise), and the time taken for salaries to rise to the pre-recession levels.

Full Article — https://analyticsindiamag.com/impact-of-recession-on-salaries-across-the-analytics-domain-by-aim-jigsaw-academy/