The New Year may bring cheers for job seekers, as companies are likely to hire up to 10 lakh employees and give pay hikes of 10-15 % to high-performers, say experts. Human resource consultants say that hiring will rise in 2013, as compared to 2012, as most economies are coming out of slowdown and rising demand would create many more jobs.
India saw nearly 7 lakh new jobs being created in 2012 despite economic uncertainties and the projection for 2013 is between 5-10 lakhs. The new job creation will happen across industry verticals including retail, infrastructure, healthcare, energy, banking and logistics.
The average pay hike for most sectors is expected in single digits in view of cost-saving efforts, even though companies would dole out 10-15 % increments to good performers.