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
WBJEE 2022 Result Date Soon; Know Where, How To Check
The West Bengal Joint Entrance Examination (WBJEE) 2022 result date is expected to be announced soon. The WBJEE 2022 administering body, West Bengal Joint Entrance Examinations Board (WBJEEB) official website -- wbjeeb.nic.in, will host the WBJEE res...
BITSAT 2022 From July 2: How To Score Well? Prepare With This Knockout Programme
The Birla Institute of Technology and Sciences (BITS) Pilani will conduct its Engineering Entrance Exam- BITSAT 2022 from July. As per the schedule, session 1 of BITSAT 2022 will be conducted between July 2 and July 9, while the BITSAT session 2 exam...
Karnataka KSEEB To Announce SSLC Class 10 Result 2022 Today
The Karnataka Secondary Education Examination Board (KSEEB) will announce the Secondary School Leaving Certificate (SSLC) Class 10 result 2022 on Thursday, May 19. The SSLC Class 10 result 2022 will be available on the official website- ssl...
West Bengal WBJEE Result 2022 Date Likely To Be Announced Next Week: Official
The West Bengal Joint Entrance Examination Board (WBJEEB) is likely to announce the result of state Joint Entrance Examination (WBJEE 2022) by May-end. According to a WBJEEB official, WBJEE result 2022 declaration date is expected to be ann...
NEET PG 2022 On May 21; Check Syllabus, Paper Pattern
The National Board of Examinations in Medical Sciences (NBEMS) will conduct the National Eligibility cum Entrance Test Postgraduate, or NEET PG 2022 on May 21, 2022. The candidates who have successfully registered for the exam, got access t...
NEET UG 2022: NTA Extends Registration Deadline Till May 20; Here’s Direct Link To Apply
The National Testing Agency (NTA) has again extended the registration deadline for the National Eligibility cum Entrance Test-Undergraduate (NEET UG) 2022. The NEET 2022 application process has been extended till May 20. Earlier the last da...
Chhattisgarh Board CGBSE To Announce Class 10, 12 Exam Results 2022 Today
The Chhattisgarh Board of Secondary Education (CGBSE) Class 10, 12 results 2022 will be announced on Saturday, May 14. According to CGBSE, Education Minister Premsai Singh Tekam will announce the Class 10, 12 exam results 2022 today at 12 P...
Pursue MTech with 100% Tuition fee waiver and Rs. 72,000 stipend per year at SRM University-AP
SRM University-AP, Andhra Pradesh, is a multi-stream research university focusing on diverse fields. Faculty members with PhD from renowned Universities in India and abroad fulfil the university’s mission of disseminating world-class knowledge ...
GUJCET 2022 Result To Be Announced Today
The Gujarat School Education Board (GSEB) will announce the GUJCET 2022 result on Thursday, May 12. The GUJCET 2022 result will be available on the official websites- gseb.org and gsebeservice.com from 10 am. The candidates can do...
Karnataka SSLC 10th Result 2022: Release Date & Time
The Karnataka Secondary School Leaving Certificate (SSLC) Class 10 result 2022 is likely to be announced in May. The Karnataka Secondary Education Examination Board (KSEEB) official told Vidyavision that the board is trying to ann...