Kartik Narayan, CEO at TeamLease, says salary growth will probably be moderate next year.

More stories

Kartik Narayan, CEO at TeamLease, says salary growth will probably be moderate next year.

December 26, 2024

Tech developments, inflationary pressures, economic problems, and slowdowns are all challenges facing India. The main job-creating industries are also going through certain structural adjustments in order to adapt and thrive. Industries are shifting toward a profit-making framework, despite lawmakers growing alarmed about India Inc.’s low employee compensation.

According to Kartik Narayan, CEO of TeamLease Services Limited, “It is not growth at any cost but growth with profit.”

In this interview with Outlook Business, he provided an overview of the work environment, discussing the challenges of addressing skill gaps, the rise of flexible workforce models, and changes brought about by governmental restrictions.

Narayan addressed the importance of investing in skills and infrastructure to manage the risks and opportunities posed by advanced technologies like artificial intelligence and to capitalize on India’s demographic dividend.