Jobs to grow 11.3 per cent this fiscal: Study

Positive market fuelled by government incentives and increased consumer spending will lead to a job growth of 11.3 per cent this fiscal, says a study by staffing firm, TeamLease Services.

Salary increments for this fiscal were between 5 per cent and 14 per cent across industries compared to a 3.8-10 per cent during the same period last year. The 'TeamLease Jobs & Salary Primer', shared exclusively with ET, states that niche-skilled employees have received a 20 per cent raise this fiscal.

Those employed in the power and energy have received the largest percentage of salary growth rate of 13.5 per cent while IT and knowledge services gave their employees a raise of 12 per cent. Those working in the FMCD (fast-moving consumer durables), FMCG, construction, real estate, media and entertainment and retail had increments upwards of 10 per cent, stated the report. "This is an interesting period for India as the cautious optimism that we have been seeing for the past 24 months seems to be finally making way for a more buoyant outlook," said Rituparna Chakraborty, senior VP and co-founder TeamLease Services.

"Salary and job growth will move upwards for the next 12 months at least before the actual effects of the new government are felt," added Chakraborty. The salary growth rates and salary increments were calculated based on earnings between December 2013 and June 2014 across 81,000 candidates.

The study also showed that salary differences between temporary and permanent jobs have shrunk. Firms are hiring more workforces on contract and the gap is 4-5 per cent in industrial, manufacturing and allied sectors. Automobile, construction and real estate, media and entertainment have a differential of 5-6 per cent, according to the study. The report states that employees who have developed in -depth skills get paid at-par with those who have diverse expertise.

So, safety officers in agriculture and agrochemicals, SAP consultants in FMCD, business analysts in BFSI are some who are 'high on skill intensity and their salaries match with project leads in IT and knowledge services.

Employees who work in longstanding jobs are likely to get paid more in 9 out of 15 industries. They include manufacturing, BFSI and retail sectors. The automobile and allied industries, FMCG, health and pharmaceutical sectors will bet on employees who have skills needed in the near future, say the report.
mesalazin biverkningar temperaturudslat.site mesalazin paracetamol
More News
NEET Result 2021 After October 26
Result of the National Eligibility cum Entrance Test (NEET) 2021 will be announced after October 26. The National Testing Agency (NTA) has reopened the NEET 2021 phase 2 application and correction window. Students can now complete the ...
How To Check NEET 2021 Result
The National Testing Agency (NTA) will release the National Eligibility cum Entrance Test or NEET 2021 result for undergraduate programmes anytime soon. Result of over 16 lakh students will be released on neet.nta.nic.in. Along with the NEET UG ...
NEET Result 2021: Know Category Wise Qualifying Criteria
National Testing Agency (NTA) is expected to release NEET 2021 result soon on its official website- neet.nta.nic.in. Students who appeared for the undergraduate medical entrance test can check their results and All India Rank (AIR) through ...
NEET Answer Key 2021, OMR Response Sheet Released, Direct Link
The National Testing Agency has released provisional answer key, OMR sheet, and recorded responses of the National Eligibility cum Entrance Test (NEET) UG 2021. Students who took the entrance exam can visit neet.nta.nic.in and login with their applic...
CBSE Date Sheet 2022: Term 1 Time Table For Class 10, 12 Today
Date sheet of Class 10 and Class 12 term 1 board exam conducted by the Central Board of Secondary Education (CBSE) will be released today, October 18. The time table will be available on the CBSE website, cbse.gov.in. For the 2021-22 batch, the CBSE ...
IIT JEE Advanced Result 2021 Tomorrow At Jeeadv.ac.in; Check Result Time
Indian Institute of Technology (IIT) Kharagpur will declare Joint Entrance Examination (JEE) Advanced result 2021 tomorrow. The result time has not been announced by IIT Kharagpur but it is mentioned in the JoSAA counselling schedule. Registrati...
JEE Advanced 2021: JoSAA Counselling Schedule Released; To Start From October 16
Joint Seat Allocation Authority (JoSAA) counselling 2021 schedule has been released on the official website - josaa.nic.in. As per the schedule, the registration and choice filling procedure for courses started from October 16 (10 am) and will contin...
Result Of NEET 2021 Soon; Know About Answer Key, Counselling, Cut-Off
The National Testing Agency (NTA) will release the National Eligibility cum Entrance Test (NEET 2021) results soon. The NEET 2021 exam was held on September 12 in the centre-based pen and paper mode. The result of NEET 2021 along with the merit list ...
JEE Advanced 2021 Result Soon; Check Admission Process
Joint Entrance Examination (JEE) Advanced 2021 result will be declared on October 15 on the official website- jeeadv.ac.in. To qualify JEE Advanced 2021, students will have to meet the designated JEE Advanced 2021 cut-off. Students who appeared for J...
JEE Advanced 2021 Result Soon: 10 Points On Reservation Of Seats
JEE Advanced result 2021 will be announced by Indian Institute of Technology (IIT) Kharagpur on October 15, 2021, on the official website- jeeadv.ac.in. Candidates securing minimum qualifying marks in JEE Advanced result 2021 in all three subjects in...