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Companies are expected to add more than 10 lakh employees to their payrolls
Posted on: 02/Jan/2016 11:09:31 AM
In the current year 2016, the companies are expected to add more than 10 lakh employees to their payrolls and pay out hefty salary hikes in the range of 10-30 per cent for right talent. New jobs were created in the year 2015 and the same is likely to continue in 2016 on favorable economic growth forecast and the emergence of a startup ecosystem in various sectors including retail, finance and technology.
Rajesh Kumar, CEO of MyHiringClub.com & JobPortal.co.in said that the organized sector in India is set to create 10 lakh new jobs in the calendar year 2016.
Moreover foreign companies will be foraying into production departments. More jobs will be created because there will be hike in foreign investments. Besides, the salary hikes and bonuses in India are expected to be in the double digit this appraisal season.
According to a new survey by a recruitment platform, most employers are optimistic about their hiring plans in 2016. The survey covered 5,480 companies across 12 industry sectors in 21 major cities.
TimesJobs.com CEO Vivek Madhukar said that with the government`s Digital India and Make in India push, manpower demand is bound to increase in core technology and manufacturing sectors in 2016.
On salary front, HR experts forecast handsome pay hikes and the hikes could be much higher for the top talent. The Seventh Pay Commission recommendations, which call for a hefty hike in salaries of the government employees, are also expected to have a ripple effect in the private sector.
GlobalHunt`s Managing Director Sunil Goel said that in year 2016, average raise of the salary will go around 12-14 per cent wherein the key performers salary hike can hit as good as 25-30 per cent.
Naukri.com Chief Sales Officer V Suresh has also mentioned that 2016 will be a year to cheer for job-seekers across sectors.
The IT sector is likely to create around 2.7 lakh jobs, while nearly 1.5 lakh jobs can come in e-commerce. Other major areas for job creation include digital marketing (about 1.5 lakh) and banking and finance (three lakh).
The retail and automobile sector also have huge job creation potential.
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