2011 has been a great year for business people. Most of the companies that were severely disturbed by the Recession in 2009 started recovering in 2010. Gradually, companies started recording profits by the end of 2010. And by 2011, most of the markets recorded great profits !
So, what is the one thing that every employee of a company expect ? Yes, you are right ! It's Salary Hike !! So, with growth rate inclining upwards, companies started seeing profits again. In the last quarter that ended December 2010, many companies observed more than 25% y-o-y profits. Obviously, what does the company have to do ? Share their profit !! right ?
Markets reveal that there will be more growth as numerous projects are expected this year. All the clients that remained passive after the recession struck, are coming out one by one. With increase in flow of projects, industrial growth will be on track just as it was during 2005-08.
People of those days always used to get hikes in double digits. When recession hit, the same people faced cuts in their wages in double digits. Some even lost their jobs. But this scenario has changed when the major recession hit year passed. Recruitments, walkins started pacing up.
Now, with the stabilizing markets and increasing growth rate, employees started looking at companies for hike in their wages which were bifurcated/trifurcated/polyfurcated during recession.
A recent survey revealed that most of the companies are planning to hike their employees salaries to control attrition rate in their respective companies. As the job options have increased once again, the fear of attrition has started once again in the HR departments of the companies. And that is the reason for this Hike News. A survey from Hewitt revealed that there will b a hike of around 12.9% in salaries in India across all levels. On an average, the salary of a fresher is going to increase by around 10%.
So, All the best with your hikes. Let me know if you had a major one !!
So, what is the one thing that every employee of a company expect ? Yes, you are right ! It's Salary Hike !! So, with growth rate inclining upwards, companies started seeing profits again. In the last quarter that ended December 2010, many companies observed more than 25% y-o-y profits. Obviously, what does the company have to do ? Share their profit !! right ?
Markets reveal that there will be more growth as numerous projects are expected this year. All the clients that remained passive after the recession struck, are coming out one by one. With increase in flow of projects, industrial growth will be on track just as it was during 2005-08.
People of those days always used to get hikes in double digits. When recession hit, the same people faced cuts in their wages in double digits. Some even lost their jobs. But this scenario has changed when the major recession hit year passed. Recruitments, walkins started pacing up.
Now, with the stabilizing markets and increasing growth rate, employees started looking at companies for hike in their wages which were bifurcated/trifurcated/polyfurcated during recession.
A recent survey revealed that most of the companies are planning to hike their employees salaries to control attrition rate in their respective companies. As the job options have increased once again, the fear of attrition has started once again in the HR departments of the companies. And that is the reason for this Hike News. A survey from Hewitt revealed that there will b a hike of around 12.9% in salaries in India across all levels. On an average, the salary of a fresher is going to increase by around 10%.
So, All the best with your hikes. Let me know if you had a major one !!
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