Press Esc to close
Tuesday 22 July 2014
News updated at 2:42 PM IST
Weather
Max: 28°C
Min : 21°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
Students of Indian Institute of Fashion Technology during a protest demanding the strict action...

Students of Indian Institute of Fashion Technology during a protest demanding the strict action...

Water level crosses 100 ft mark at KRS reservoir near Mysore...

Water level crosses 100 ft mark at KRS reservoir near Mysore...

Ishant Sharma, celebrates taking the wicket of England's Joe Root caught out by Stuart Binny...

Ishant Sharma, celebrates taking the wicket of England's Joe Root caught out by Stuart Binny...

Prime Minister Narendra Modi with Secretary DAE and Chairman, AEC, R.K Sinha during a visit...

Prime Minister Narendra Modi with Secretary DAE and Chairman, AEC, R.K Sinha during a visit...

An artist performs with fire during a procession as part of 'Bonalu' festivities in Hyderabad...

An artist performs with fire during a procession as part of 'Bonalu' festivities in Hyderabad...

A boy swims in a weed-covered pond on the outskirts of Bhubaneswar...

A boy swims in a weed-covered pond on the outskirts of Bhubaneswar...

President Pranab Mukherjee with UPA chairperson Sonia Gandhi and others during an Iftar party...

President Pranab Mukherjee with UPA chairperson Sonia Gandhi and others during an Iftar party...

Sailing teams train in the River Nile near the Sixth of October Bridge in Cairo July 21, 2014...

Sailing teams train in the River Nile near the Sixth of October Bridge in Cairo July 21, 2014...

Japanese protesters hold candles during a demonstration against Israel's military offensive...

Japanese protesters hold candles during a demonstration against Israel's military offensive...

A stork and its nestling enjoy a sunny afternoon in his nest on a rooftop in the small village...

A stork and its nestling enjoy a sunny afternoon in his nest on a rooftop in the small village...

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