Saturday 19 April 2014
News updated at 1:04 AM IST
Weather
Max: 35.4°C
Min : 22.5°C
In Bangalore
Sunny day

Overall salary hike to be 12 pc this year: TeamLease Study

New Delhi, May 20, 2013, (PTI):

 It is good news for jobseekers as the hiring activity is likely to see an uptrend in the coming months and salaries are expected to rise 12 per cent across industries and functions this year, says staffing services major TeamLease.

According to the TeamLease's Salary Primer for 2013, hiring will increase going forward and salaries too will see an upward movement across most industries.

The study that covered staff working across 318 different job profiles, 15 industries and 8 functional domains in 9 major locations in India said, hiring has registered 11 per cent growth, and salaries are likely to witness 12 per cent increase across industries and functions.


"The headwinds of global change, blowing hot and cold have only so much as reshaped the contours of the Indian labour markets for the better," TeamLease Services Sr. V-P & Co-founder Sangeeta Lala said.

The study further noted that with companies striking a balance between skills and increment, attrition rate also has been brought under control, emphasising a buoyant and mature job market. Moreover, the gap between permanent salaries and temporary salaries is now negligible.

As many as 11 out of 15 industries are doing well to grow longevity of their staff, which in turn is containing attrition. The remaining four – agriculture and agrochemicals, BFSI, BPO and IT enabled services and FMCD – are characterised by profiles that attrite regardless of increment dole outs.

On both salary and increment payouts, specialisation is a clear winner. Niche, and high-skilled profiles such as network architect, SAP developer/ consultant and project lead are in greater demand than the generalised and traditionally well-paid profiles such as IT executive / IT manager and accountant, it says.

"Salaries continue to rise – more for the deserving, employers are aggressively acquiring and rewarding the right skills and capabilities, talent migration is shaped by career enrichment opportunity as much as it is by market forces, and equity has prevailed," Lala added.

In terms of salary growth rates, Mumbai and Delhi have trounced Bangalore. Meanwhile, Pune curried favour with substantial salary payouts to niche profiles such as SAP Developer and specialised domains such as Engineering, the study added.

Go to Top

Photo Gallery
Catholic devotees attend a Good Friday Mass inside at a church in New Delhi...

Catholic devotees attend a Good Friday Mass inside at a church in New Delhi...

Fire fighters trying to douse a fire that broke out at a shopping complex in Noida...

Fire fighters trying to douse a fire that broke out at a shopping complex in Noida...

SSB soldiers during the passing out parade of the 6th batch at Sashastra Seema Bal...

SSB soldiers during the passing out parade of the 6th batch at Sashastra Seema Bal...

A girl lights a candle on a graveyard of Central baptist Church's central graveyard...

A girl lights a candle on a graveyard of Central baptist Church's central graveyard...

Christian devotees take part in a 'Good Friday' procession in Jammu...

Christian devotees take part in a 'Good Friday' procession in Jammu...

A potter making earthen pots during summer season in Mirzapur on Friday. PTI Photo

A potter making earthen pots during summer season in Mirzapur on Friday. PTI Photo

Samajwadi Party workers attempt self-immolation with kerosene oil during a protest against ...

Samajwadi Party workers attempt self-immolation with kerosene oil during a protest against ...

Members of People for the Ethical Treatment of Animals (PETA), dressed as bloodied rabbits ...

Members of People for the Ethical Treatment of Animals (PETA), dressed as bloodied rabbits ...

Mutupallaku fesitval procession at Coonoor near Ooty on Friday. PTI Photo

Mutupallaku fesitval procession at Coonoor near Ooty on Friday. PTI Photo

A girl child kissing a statue of Jesus Christ on the occasion of Good Friday at The Sacred Heart...

A girl child kissing a statue of Jesus Christ on the occasion of Good Friday at The Sacred Heart...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523