Companies upbeat on hiring, salary hikes this year, survey reveals
Of the 682 companies asked across sectors, 84 per cent indicated they would hire more in 2012, the All Industries Total Remuneration Survey released on Wednesday, said.
The insurance, chemical and manufacturing sectors are expected to hire the maximum number of people. All the respondents asked forecast headcount addition in the next 12 months."Hiring continues unabated in Asia, with India and China leading the pack," Mr Muninder Anand, Director, Information Product Solutions, Mercer, said.
The hi-tech industry too was gung-ho about hiring; 86 per cent of the respondents saying there would be increased headcount. Nearly 75 per cent of those surveyed said the same about the retail, electronic manufacturing and banking and finance sectors.
The highest increments -- at 14.3 per cent -- are expected in the automobile sector, the survey revealed. It expects an average 12 per cent salary hike across industries, the same as last year's .
Amid a series of corruption scams, and under extreme pressure from an opposition that won't settle any less than seek the Prime Minister's resignation, the UPA-II completed its 9th anniversary and released its last report card before the general elections 2014.
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