Companies To Offer Increments In 5-10% Range For FY18: Survey

Corporate India is bullish about its hiring plans and is expected to dole out increments in the range of 5-10 per cent in this financial year, says a survey. Things To Consider Before Saying Yes To An Offer Letter

According to Genius Consultants' Hiring, Attrition and Compensation Trend 2017-18 survey, 70 per cent respondents said new, replacement hiring is expected across industries and 62 per cent of corporate houses said projected increase in staff strength in their companies will be 1-15 per cent. Moreover, a whopping 73 per cent survey takers consider that the demonetization drive in India/India Inc did not affect hiring new recruits, the survey noted.

"Over 50 per cent of the corporate participants believe that the range of increments in their organizations will be 5-10 per cent for 2017-18," Genius Consultants Chairman and Managing Director R P Yadav said. Region-wise, the Southern zone has been projected to have the brightest hiring scenario for organizations/industries at 34.43 per cent, the survey said adding that 4-8 years' work experience levels will have the most opportunities. What Is The Difference Between Bonus And Incentive?

On attrition, over 39 per cent respondents of 734 companies across India said that attrition level in their organizations is 5-10 per cent 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.

Source: PTI

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