Telecom Industry 2024 Outlook: Challenges and Opportunities.
Introduction. Every year is sad, every year is good, if you want to ask why, there are always more ways than difficulties. This old adage seems to have become a kind of sustenance for us in the communications industry after 2023. This year, we have experienced the twists and turns caused by the epidemic, but in the end we have survived, and perhaps, as the proverb goes, we can always find a way out of difficult situations. However, with the arrival of 2024, we can't help but wonder: what challenges and opportunities will the communications industry usher in in the new year?
Industry outlook for 2024.
The growth rate of the industry has declined.
First of all, we have to face up to the downward trend in the growth rate of the communications industry。In the past few years, the basic business of the three core telecom operators has maintained slow growth, and the growth rate in the broadband field is five or six points. However, the saturation of the mobile phone market and the decline in traffic** have brought overall revenue growth to a virtual standstill. In 2024, we expect this trend to further strengthen, which could be a drag on the development of the entire industry. Although the innovative business has made breakthroughs in the past few years, the growth rate is no longer as rapid as before due to the impact of the general environment and regulatory norms. Therefore, the overall slowdown in the communications industry seems to be an inevitable trend.
Reduced competitiveness.
Secondly, what we are seeing is a decline in competitiveness。In the predicament, it is particularly important to understand the truth of "huddling together for warmth". In the case that the overall situation is not optimistic, excessive vicious competition will only lead to digging into each other's walls and feet, and eventually shooting themselves in the foot. Therefore, the four operators, including radio and television, should not take drastic actions in their operations, but pursue harmony and make money. This will also be reflected in the scientific and reasonable setting of assessment indicators, so as to reduce the pressure on grassroots employees and achieve a win-win situation.
The treatment of employees is not reduced.
Third, we should pay attention to the stability of employee treatmentAlthough the magnitude of the increase is difficult to determine, in general, as a central enterpriseof operators, a pay cut will never happen easily。This is not only the respect for employees, but also the need to maintain the corporate image. However, it should be noted that the fact that the total amount does not decrease does not mean that everyone can guarantee the harvest in drought and flood. In terms of distribution mechanism, more people tend to prefer those places that create more profits and contribute more per capita. As a result, the differences in treatment between employees will further increase, and employees in different positions in different regions and even within the same branch will face different challenges and opportunities.
The number of graduates recruited has grown.
Finally, a notable trend is the growth in the number of graduates recruited。In the next three to five years, operators will usher in the peak retirement period, and a large number of jobs will be vacant. This makes operators a popular recruiter, and the number of graduates who sign up for the job is showing a blowout trend. Since the past two years, telecom operators have become the sweetheart of the recruitment season, and the increase has even reached dozens of times. At this time, operators began to pick and choose, especially in first- and second-tier cities, and only valued 985 211 graduates in science and engineering, especially master's degrees. This also reflects the preference of operators for highly educated and high-quality young people in talent recruitment. For young people, operators are an employment unit that deserves serious consideration in terms of career development and business stability.
Deeper thinking.
However, we should not limit ourselves to these numbers and trends, we need to think deeper. In the context of the declining growth rate of the industry, we need to find new business growth points. It may be necessary to increase the research and development and application of emerging technologies to find new profit growth points. Declining competitiveness is a good thing, but it's also important to note that reasonable competition can spark innovation and move the industry forward. The stability of employee treatment is not only for the sake of corporate image, but also for the retention of excellent talents. While the number of graduates is growing, it is also important to develop internal talent. Therefore, we need to think more comprehensively and deeply on these issues and find new paths for the development of the industry.
Conclusion
In the coming 2024, the communications industry will face a series of challenges and opportunities. The slowdown in industry growth, the decline in competitiveness, the stability of employee remuneration and the increase in the number of graduates recruited are all issues that we need to pay serious attention to and think about. However, deeper thinking will be a booster in the development of our industry. The communications industry may not be smooth sailing, but it is in the midst of challenges that we can find the direction of opportunities. For young people, the communications industry can be a stage full of challenges and opportunities. It may be difficult to feel a noticeable change in the short term, but over time, this choice may bring more profound experience. In the age of hurry, the slowest pace is not to step, but to wander; The fastest step is not to sprint, but to persevere. In 2024, we ushered in a new year and new opportunities for the communications industry. On this new journey full of unknowns, let us work together to write the future chapter of the communications industry.
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