Indian Companies To Hire More, Pay Higher Salaries, Says Study

21/08/2015 3:54 PM IST | Updated 15/07/2016 8:25 AM IST
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NEW DELHI, INDIA - JULY 26: People enjoying live performance of Euphoria band on the Raahgiri Day, organised by Hindustan Times at Connaught place on July 26, 2015 in New Delhi, India. Raahgiri Day, known across the world as Ciclovia or Open Streets, will give an opportunity to citizens to reclaim their streets and enjoy recreational activities which promote health, well being, fitness, togetherness and joy. (Photo by Arun Sharma/Hindustan Times via Getty Images)

Indian employers have a bullish recruitment outlook for the coming months as they plan to hire more workers and increase salary levels, a survey says.

According to CareerBuilder India's Midyear Job Forecast Study, 73 per cent of employers plan to hire full-time, permanent staff over coming months while 60 per cent plan to hire temporary or contract workers.

"Despite slower-than-average job growth in the first half of 2015, many Indian employers are looking to increase hires, both of permanent and contract workers, at a formidable rate," CareerBuilder India Managing Director Premlesh Machama said.

This bullishness is being reflected in the job market as well, with just 46 per cent of workers planning to change their jobs in the next 12 months. The report said that 86 per cent of employers plan to increase salary levels for current employees in the second half of the year.

Moreover, 68 per cent would increase salary levels by five per cent or more, while, 79 per cent plan to increase starting salaries on job offers over the next six months. Around 57 per cent would raise starting salaries by five per cent or more.

The top functional areas where employers will increase hiring in the second half of 2015 include -- customer service, sales, marketing, information technology, production, accounting/finance and human resources.

The survey also revealed some of the in-demand areas employers will be recruiting for in the coming months across the globe. These include social media, wellness, mobile technology, cloud technology, cyber security, content strategy for the web, environment, managing and interpreting big data and financial regulation.

The surveys were conducted online by Redshift Research on behalf of CareerBuilder India and covered 428 hiring managers and over 1,000 full and part-time Indian workers across different industries and company sizes.

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