Companies looking to hire more and reward better
According to the Michael Page salary and increment forecast 2014, 70% of the 288 employers surveyed expect to increase headcount in the next 12 months, against 58% in its 2013 forecast. "The overall salary outlay has gone up," says Rituparna Chakraborty, co-founder and senior VP, TeamLease, a staffing company. "There is a lot of intake, even of freshers or those with very little experience." For the festive season till end-January, Chakraborty expects temporary hiring in consumer durables, e-commerce, hospitality, airlines and travel portals to exceed the annual average by around 50%. Even at the permanent level, there is evidence of more hiring, led by IT/telecom (23% of total hiring), manufacturing and engineering (17%), and banking and financial services (10%), according to Timesjobs.com.
Read the Economic Times news report here.