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'Companies to offer increments in 5-10% range for FY18'

Corporate India is bullish about its hiring plans and is expected to dole out increments in the range of 5-10 percent in this financial year, says a survey.



New Delhi: Corporate India is bullish about its hiring plans and is expected to dole out increments in the range of 5-10 percent in this financial year, says a survey.

According to Genius Consultants' Hiring, Attrition and Compensation Trend 2017-18 survey, 70 percent respondents said new, replacement hiring is expected across industries and 62 percent of corporate houses said projected increase in staff strength in their companies will be 1-15 percent.

Moreover, a whopping 73 percent survey takers consider that the demonetisation drive in India/India Inc did not affect hiring new recruits, the survey noted.

"Over 50 percent of the corporate participants believe that the range of increments in their organisations will be 5-10 percent for 2017-18," Genius Consultants Chairman and Managing Director R P Yadav said.

Region wise, Southern zone has been projected to have the brightest hiring scenario for organisations/industries at 34.43 percent, the survey said adding that 4-8 years' work experience levels will have the most opportunities.

On attrition, over 39 percent respondents of 734 companies across India said that attrition level in their organisations is 5-10 percent and junior employees are most susceptible to attrition.

Genius Hiring Trend Survey is an online survey conducted every year to gauge the hiring trends across varied sectors.

From Zee News

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