In-bloom-again industry is believed to accelerate hiring by as much as 20 per cent and reward employees with an identical hike in salaries as bountiful days are in store on the job street in 2011.
Hiring activities gathered momentum in the second half of 2010 and it is believed that companies will create over a million jobs in the organized sector alone.
From in.finance.yahoo.com:
Improving economic conditions, coupled with many companies’ aggressive expansion plans, are expected to further fuel hiring activities, especially in the first half of 2010.
Recruitment firm TeamLease Services’ Vice President, Rituparna Chakraborty, said the average hiring increase would be “anywhere between 10 to 18 per cent across sectors next year”.
Global consultancy firm Deloitte India’s Leader (Human Capital Advisory Services) P Thiruvengadam said recruitment levels have significantly improved in all sectors this year.
The sectors definitely creating jobs (next year) would be healthcare, life sciences, retail, infrastructure and manufacturing, among others, he added.
Online job portal Monster.com’s Managing Director (India/ Middle East/South East Asia), Sanjay Modi, said India is going to emerge as a huge sourcing ground for global jobs across segments, positions and profiles.
Meanwhile, compensation is also likely to sail northward in 2011, as entities would mainly look to retain talent.
Deloitte India’s Thiruvengadam said, “I do not anticipate huge increases in salaries (in 2011), but performance would be rewarded and the levels of increase could be of the order of 11 to 18 per cent.”
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