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