Overall Salary Hike To Be 12 Percent This Year: TeamLease Study

New Delhi: It is good news for job seekers as the hiring activity is likely to see an uptrend in the coming months and salaries are expected to rise 12 percent 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 percent growth, and salaries are likely to witness 12 percent 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 labor 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, emphasizing a buoyant and mature job market. Moreover, the gap between permanent salaries and temporary salaries is now negligible.

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Source: PTI