Festive Season Hiring May Raise 5-12 Percent: Experts

Monday, 28 October 2013, 14:10 Hrs
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New Delhi: Hiring is expected to pick up in the current festive season, especially in retail and other consumer-focused sectors, leading to a 5-12 percent increase in new job creations across the country, say experts.

However, an overall weak economic scenario may take a toll on bonus payments for employees as companies seek to spend more on sales and marketing.

Hiring has been subdued for the past few months and some companies have even imposed a freeze on fresh recruitments amid the economic uncertainty. However, with the onset of the festival season there is a renewed focus on employing additional staff to boost business.

"There is an expectation of 10-12 percent growth in new job creation in the remaining part of the year. Main drivers of jobs would be IT, ITes, hardware, construction and engineering. Major metros are expected to contribute to most of the new job creation," CareerBuilder India MD Pramlesh Machama said.

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Source: PTI
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