Mumbai (Maharashtra) [India]29 April: The IT sector stands as a vital force in driving India’s economic progress while having a profound impact on GDP growth and social welfare. According to IBEF, the industry workforce now stands at 5.4 million, with an increase of 2.9 lakh new jobs in FY2023, making significant progress in boosting the national employment figures. As the industry prepares to meet the workforce demand, the critical role of an engaged and skilled workforce cannot be underestimated. Engaged employees promote productivity and innovation, acting as a catalyst for organizational success. Thus, fostering a culture of employee engagement benefits individual companies and also contributes to the broader trajectory of India’s economic prosperity.
Challenges faced by employees in IT sector
Despite its impressive contribution, the IT industry continues to grapple with human resource challenges, hindering both sector and employee development. These include minimum wage increases, which average between 8.5% and 9.1%, according to TeamLease reports. Rigid hiring practices often prioritize experienced candidates, sidelining new talent and overburdening existing employees. Delayed or inadequate performance bonuses further demotivate employees. Long notice periods, reaching up to 90 days, hinder career exploration. Unclear job roles, skills gaps and heavy workloads increase turnover rates. Limited flexible workspace options increase dissatisfaction, suppressing productivity.
Amid growing concerns over HR practices in the thriving IT sector, CellarGize has emerged as a symbol of change. Based in Mumbai, SellerZyze provides solutions directly to affiliated publishers, enhancing online shopping experiences for SMEs and large corporations. With a focus on employee-centric improvements, Sellerize aims to elevate IT work culture, fostering growth and satisfaction.
How are Cellarize’s employee-centric HR reforms uplifting IT work culture?
Salary increment: While many IT companies offer 15% salary increases to top performers, SellerGuys takes a different approach. To counter the typical 8-10% inflation, they ensure a minimum 10% increase even for poor performers. In March 2024, the average salary increase at SellerGuys was 30%, with top achievers receiving increases of up to 60%. SellerGuys believes in rewarding efforts with meaningful pay increases, while recognizing contributions to collective success.
Hiring Freshers: Selergize values new talent in the ever-evolving IT sector. By recruiting new graduates, it provides opportunities for growth. Nearly 75% of the SellerZyz team started as freshers, and have contributed significantly to the company’s success as they progressed their careers.
100% performance bonus without any delay: Unlike many IT firms, SellerZyze ensures fair performance bonuses by paying 100% to employees rated 3 stars or above. Notably, the bonus in March is distributed immediately, which differs from delayed payments in the industry.
Practical Notice Period: SellerGuys stands by with a short notice period of 15 days for some roles, with a maximum of 45 days for specific positions. This flexibility makes the transition easier for employees, as opposed to the industry standard of 90 days, empowering individuals to explore new opportunities without barriers.
Remote First Workplace: SellerGys offers remote work options for all permanent employees, promoting productivity and work-life balance through clearly defined roles. It empowers employees to perform effectively while enhancing the IT work culture.
Kamil Khan, CTO and Director, SellerZyze, says, “The key to growth lies in empowering our workforce. By improving HR practices, we enhance employee engagement, fostering collaborative growth. This not only retains existing talent but also attracts new ones, thereby promoting regional expansion and economic advancement. At SellerZyze, our employee-centric HR reforms foster development and talent retention.
IT companies are accelerating efforts in upskilling and collaborative learning to meet emerging technological demands while prioritizing recreational activities to reduce stress and improve mental health. This proactive approach promotes employee engagement and increases job satisfaction. CellarGuys’ employee-centric HR practices create a friendly workplace for both experienced professionals and newcomers, facilitating collaborative growth. Such initiatives will boost the expansion of the IT sector and also boost India’s GDP, which is indicated to contribute 10% by 2025. Together, these reforms reshape the IT landscape, fostering a vibrant and competitive industry poised for continued success.
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