New Year bonanza: Nearly 20 pc jump in hiring, fatter pay!

Dec 17, 2010 |

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Dec 17: Bountiful days are in store on job street in the New Year, as in-bloom-again industry is expected to accelerate hiring by as much as 20 per cent and reward employees with an identical hike in salaries.

Notwithstanding a cautious start, hiring activities gathered momentum in the second half of 2010 and companies are estimated to have created over a million jobs in the organised sector alone.

Led by fast-growing sectors such as telecom, consumer durables and real estate, HR experts feel that hiring is most likely to jump 20 per cent in 2011. With escalation of the talent war between companies, pay packets too are expected to climb at a rate of about 20 per cent, they opined.

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