News: More hiring, 10-30% pay hike likely in 2016: Experts

Recruitment

More hiring, 10-30% pay hike likely in 2016: Experts

Another boost can come from the 7th Pay Commission, which will trigger a big hike in salaries of government employees, and a domino's effect can be seen on pay packets of many in the private sector as well.

New Delhi The job market promises pay hikes in the range of 10-30% and aggressive hiring by the private sector in 2016, but a push will need to come from e-commerce and 'Make in India'. Another boost can come from the 7th Pay Commission, which will trigger a big hike in salaries of government employees, and a domino's effect can be seen on pay packets of many in the private sector as well. 

Experts said the job market remained a mixed bag in 2015 but it was definitely better than the previous year and the promises of a better investment climate and the government push to manufacturing industry will soon start bearing fruit. In order to attract and retain key talent, the companies will need to go for higher pay. 

Read more on The Economic Times here

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Topics: Recruitment, #Corporate

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