Companies To Offer Increments In 5-10 Pct Range For FY18
NEW DELHI: Corporate India is bullish about its hiring plans and is expected to dole out increments in the range of 5-10 pct in this financial year, says a survey.
According to Genius Consultants' Hiring, Attrition and Compensation Trend 2017-18 survey, 70 pct respondents said new, replacement hiring is expected across industries and 62 pct of corporate houses said projected increase in staff strength in their companies will be one to 15 pct.
Moreover, a whopping 73 pct survey takers consider that the demonetisation drive in India/India Inc did not affect hiring new recruits, the survey noted.
"Over 50 pct of the corporate participants believe that the range of increments in their organisations will be five to 10 pct 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 pct, the survey said adding that four to eight years' work experience levels will have the most opportunities.
On attrition, over 39 pct respondents of 734 companies across India said that attrition level in their organisations is five to 10 pct 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.
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