Amid record C-suite turnover and increased mobility of top talent, India Inc is grappling with succession woes. Despite pressure from boards and investors to strategies beyond the CEO level, extending to CXO-2 and business heads, most corporates are unable to build a pipeline of leaders.
Auto Staff: The pay rise is likely to be 10.5% on average for staff of automotive producers and 10% for those working for suppliers, according to Deloitte s Increment and Attrition Trends Study, which the company shared exclusively with ET.
India s automotive sector employers are likely to offer higher than average pay rises in 2024 to retain talent. The average pay rise is expected to be 10.5% for automotive producers and 10% for suppliers, according to Deloitte s study. This trend is driven by high attrition, focus on electric vehicles, and robust auto industry performance.
Homegrown EV and EV component makers such as Switch Mobility, EKA Mobility, GreenCell and ARENQ are anticipating the talent to reach as high as 200%. This is leading companies such as Tata Motors, the countrys largest EV maker, to tap entry-level talent from technical colleges and lateral talent from automotive and related industries.
Ev And Future Mobility: Homegrown EV and EV component makers such as Switch Mobility, EKA Mobility, GreenCell and ARENQ are anticipating the talent to reach as high as 200%. This is leading companies such as Tata Motors, the country’s largest EV maker, to tap entry-level talent from technical colleges and lateral talent from automotive and related industries.