'More jobs, pay hikes at 12% in India this year'

New Delhi, April 5: Giving great hope to unemployed youths in India, a survey has revealed that 84 per cent of Indian companies are going to increase their hiring this year, and employees can look forward to an average pay hike of 12 per cent across most of the sectors.

Over 682 firms across various industry sectors are planning to hire aggressively this year, says survey conducted by staffing consultancy firm Mercer.

Report further revealed that maximum hiring will be happen in insurance, chemical and manufacturing sectors with 100 per cent respondents from respective industries forecasting a headcount addition in the next 12 months followed by the hi-tech industry with 86 per cent respondents showing positive hiring intentions.

"Hiring continues unabated in Asia with India and China leading the pack. Interestingly, developed or mature economies in Asia are looking at maintaining headcount, and growth in headcount is only expected from the developing economies in Asia," said Mercer Director Information Product Solutions Muninder Anand.

Moreover, survey report said that the automobile industry expects highest salary increments at 14.3 per cent this year followed by pharmaceutical and medical equipment at 12.8 per cent, chemical at 12.2 per cent, consumer at 12 per cent, IT and telecom at 12 per cent and ITeS at 11.3 per cent. But employees in the insurance sector are expected to receive a relatively lower salary hike of 11 percent compared to other industries.

The survey report has also mentioned that the most sought after jobs could be in sales, engineering and research and development functions at the junior-management level.

OneIndia News