News: Job market in India eyes a prosperous new year

Strategic HR

Job market in India eyes a prosperous new year

Experts believe that the worst may be over on hiring front and the employees can even look forward to double-digit salary hike of at least 10-12 per cent in 2014, Financial Express reported. Notwithstanding the continuing impact of global macro-economic situation and the concerns surrounding India, be it elections or economic slowdown, most of the experts and HR consultancy firms are unanimous that recruitment outlook for the country in 2014 looks bullish, the report said.

Experts believe that the worst may be over on hiring front and the employees can even look forward to double-digit salary hike of at least 10-12 per cent in 2014, Financial Express reported. Notwithstanding the continuing impact of global macro-economic situation and the concerns surrounding India, be it elections or economic slowdown, most of the experts and HR consultancy firms are unanimous that recruitment outlook for the country in 2014 looks bullish, the report said.

It quoted Naukri.com Business Head V Suresh as saying, "Overall looks like the worst is over for the job market and we are entering a zone of another 2-3 years of positive growth if not more."

"There will be a salary hike in double digit and there will be salary hike of 10-12 per cent," GlobalHunt MD Sunil Goel said. However, he believes that pay hikes would be restricted to above average performers where top performer will be paid higher and below average performer would be paid low increments.

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Topics: Strategic HR, Talent Acquisition, #Updates, #Jobs, #Hiring

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