‘India Inc to Hire More, Pay Moderately’
India Inc is expected to hire more people but pay moderately, with the average salary hike this fiscal likely to range between 11-13% across industries and functions, says a TeamLease report. According to the staffing services firm, the Indian job market is showing signs of maturity and industries are getting smarter at rewarding talent. The TeamLease Jobs and salary primer report 2016-17 said that unlike last year's universal double digit salary growth, only 42% of profiles will witness a significant increment in pay packets this fiscal. The average salary hike will range between 11-13% across industries and functions, it said.