Job increments in next few months
More than two-third recruiters and consultants are bullish about creation of new jobs and are expected to dole out increments in the range of 10-15...
New Delhi: More than two-third recruiters and consultants are bullish about creation of new jobs and are expected to dole out increments in the range of 10-15 per cent in next few months. According to Naukri.com's Hiring Outlook Survey 2015, 69 per cent of recruiters and consultants who participated in the survey projected creation of new jobs in the first half of 2015.
"As far as job creation and hiring scenario is concerned, 2015 will be a much better year in comparison to 2014 given the increased stability in the political and economic environment of the country," Info Edge (India) Ltd Managing Director and CEO Hitesh Oberoi said. Info Edge India runs the popular job site Naukri.Com.
According to the survey, there is an increase in level of increments that are expected to be given out in 2015. In January 2014, 36 per cent of recruiters had expected giving increments in the range of 10-15 per cent whereas in January 2015 this number increased to 40 per cent.
In addition, 16 per cent recruiters are expected to hand out a pay hike in the bracket of 15-20 per cent in January 2015 as opposed to 14 per cent in January 2014. Sector-wise, IT and BFSI sectors are expected to witness the maximum number of job creation, followed by manufacturing, pharma and ITES. The survey noted that salary is the primary driver of job change, followed by job prospects.
Other key factors include relationship with the boss, work life balance, designation and location of work. On attrition, 56 per cent recruiters expect the rate of attrition to be stable in the first half of 2015, while 23 per cent articulated that they expect a decrease in the rate of attrition and 21 per cent of them expect the rate to increase in the first half of 2015.