Salaries Up By 27 Pct For Those Switching Jobs: Survey

BENGALURU: Good News for employees planning for a job switch. Job switch and not switching employers, yes you heard it right. ET reports that professionals can expect a minimum of 25-27 percent increase in their salaries on an average, which is more than what he/she is offered for switching employers.

Another remarkable drift observed in the past two years is that those switching to ecommerce sector are the biggest gainers from industries such as Information Technology (IT), as they are being offered the best pay with an average increase of 35-50 percent in their salaries.

Kelly Services, a global recruitment company lateral hires in financial services, IT and IT enabled services (ITeS) will get an average of 25 percent increase salaries as against 20-22 per cent in 2014. On the other hand employees in manufacturing sector will see an average increase of 22 per cent in their salaries.

Apart from the observations made by Kelly Services, Aon Hewitt’s Annual Salary Increase Survey noticed that average increment offered across by Indian companies this year was about 10.  6 per cent, going up to 12. 4 percent for e-Com.

It is said that the companies will also be much more active in getting people on board by buying out notice periods or paying joining bonuses. While this is the generalized scenario, employees with niche skills can command a higher premium. Karanth, Managing Director of Kelly Services says "for such roles, the maximum hikes that we can see is 50-55 per cent."

On a concluding note as 2014-2015 has seen a large number of new organizations which generated the positive hiring sentiment in the country.

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