Companies likely to hire more than five lakh new employees

According to experts, depending on policies of the government and market situation, companies are expected to hire more than five lakh new employees during 2012. The IT/ITeS sector alone will generate as many as around 3 lakh jobs in 2012. The hiring activities are expected to increase by 7-8 percent in 2012 from the levels seen in 2011. In the coming months job opportunities are expected to grow exponentially in sectors like retail, healthcare and IT & ITeS, defence, hospitality and consumer durable. Apart from these, E-Commerce will emerge as a saviour and will compensate for rather dull scenario witnessed in a few sectors.

As far as compensations are concerned, the average salary increase would increase to at least 12 per cent, from 11 per cent in 2011.

Source: The Economic Times