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

Posted By:
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    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.

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

    "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

    Goodreturns.in 

    Read more about: salary
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more