Wednesday, March 2, 2022

Hotels and restaurants upbeat on hiring, salary increments

After nearly two years of struggle, the hospitality sector is likely to recover rapidly, and wage hikes and hiring, which were stalled two years ago, are making a comeback.

Riding on the overall positive sentiment due to resurgence in the economy, decline in Covid-19 cases and easing of restrictions, executives of companies like Hyatt, PVR Group, Oyo, Wow! Momo Foods and Light Bite Foods that ET spoke to are excited about the hiring and are planning some great hikes.

According to professional services firm Aon, hotel and restaurant staff received minimal or no hikes in 2020, although the situation improved somewhat in 2021. “In 2022, hotels and restaurants are likely to see a growth of around 7-8% or even more, which comes as a welcome relief to their employees,” Roopank Choudhary, partner at Aon, told ET.

Aditya Mishra, CEO of recruitment services firm CIEL HR Services, is also seeing rapid improvement and 5-7% growth in these areas. Mishra said some companies are also planning to give bonus as a token of appreciation.

Hospitality tech firm OYO is currently actively pursuing technology and product roles from colleges such as ISB, IIM, IIT, NIFT, MIT Institute of Design with focus on AI, ML, Data Science, Cloud and DevOps, Product Engineering and Product Design. Hiring since. Pune) and Industrial Design Center (IDC) at IIT-Bombay.

Chief Human Resource Officer (Technology, Products, Global Actions and International Markets) Satyadeep Mishra said, “One could say that technology and innovation are driving the new OYO growth story.”

WOW is recruiting! Momo Foods, a homegrown quick-service restaurant has three brands and more than 400 outlets in the country.

Wow! Sagar J Daryani, Founder and CEO, said, “Our recruitment has grown by 30-40% in the last two quarters. Our recruitment is at an all-time high and with a very bold expansion target.” Momo Foods. Like Oyo, Whoa! Momo is also hiring from campus and focusing on hiring through its newly launched internship program. The first two waves of the pandemic brought unprecedented challenges for multiplexes including the PVR group.

Originally published at Pen 18

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