2011 to see more jobs, salary hikes: Survey
Presenting an optimistic hiring scenario, majority of the recruiters expect creation of more jobs as well as good pay hikes for existing employees in the coming months, according to a survey.
New Delhi: Presenting an optimistic hiring scenario, majority of the recruiters expect creation of more jobs as well as good pay hikes for existing employees in the coming months, according to a survey.
A Leading job portal survey showed that 80 percent respondents anticipate addition of new jobs in the first half of 2011.
During the first six months of this year, about 36 percent expect replacement hiring while just two percent expect anticipate layoffs, according to the report released today.
The findings are based on a survey of more than 1,000 recruiters.
As per the survey, 34 percent opined that the range of increments would be between 10 to 15 percent.
"Twenty-nine percent said that the range will be between 15-20 percent and 14 percent said increments to be 20 percent and more," the report said.
Info Edge`s Chief Financial Officer Ambarish Raghuvanshi said that employers have begun recruiting at a steady pace in the first half of 2011 as indicated by high confidence levels.
"The survey findings also suggest a buoyant employment scenario and job seekers can therefore look forward to a favourable year ahead," he added.
Among the respondents, 42 percent felt that maximum hiring activities would be seen for employees with four to eight years of experience.
Around 38 percent said that recruitment levels would be high for those with one to three years experience.
"Nine percent of them voted for 8-15 years and an equal percentage said that jobs would be created for freshers," it noted.
On the other hand, as many as 58 percent of recruiters said that they face talent crunch. Among these respondents, 42 percent felt that maximum talent crunch was seen in the 4-8 years experience level.