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Sunday, 20 May 2012

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Salary in India news

  • 2012 salary hike
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Salary hike India 2012

Despite the cautious economic scenario, employees can look forward to moderate double-digit salary hikes in 2012 on account of talent shortage."The economic sentiment this year is cautious, yet very different from the last slowdown. So, companies may not increase their headcount but they would not like to lose staff either. So, the wage levels will increase," E. Balaji, managing director (MD) and chief executive officer (CEO), Ma Foi Randstad, said."Appraisals in 2012 will be likely in the moderate double digits. Companies will try to retain their key employees with pay hikes and incentives. However, it will be totally driven by individual performance," Balaji added.According to Rajesh Kumar, CEO, MyHiring Club. com, the hike will be in the range of 12-14 per cent. "Year 2012 is yet another year where job seekers are going to experience positive hiring and double digit or an average of 14 per cent pay hike, along... READ MORE

2011 Salary hike in India to be upto 20%

{loadposition 182} Bountiful days are in store on job street in 2011, as in-bloom-again industry is expected to accelerate hiring by as much as 20 per cent and reward employees with an identical hike in salaries. Notwithstanding a cautious start, hiring activities gathered momentum in the second half of 2010 and companies are estimated to have created over a million jobs in the organised sector alone. Led by fast-growing sectors such as telecom, consumer durables and real estate, HR experts feel that hiring is most likely to jump 20 per cent in 2011. With escalation of the talent war between companies, pay packets too are expected to climb at a rate of about 20 per cent, they opined. "There would at least be 20 per cent more hiring at the starting level and may be 10 per cent more at mid-management level as compared to second half of 2010. Almost... READ MORE

Average salary in India to incease by 6% to 13% in 2010

Average salary in India to incease by 6% to 13%  in 2010 Employees in the pharmaceutical sector can expect an average salary hike of 13 per cent in the 2010-11 fiscal amid robust business growth in the space, according to HR services provider Ma Foi Randstad. According to Ma Foi Randstad's latest survey on employment trends, various industry sectors in the country are expected to witness average salary hikes in the range of 8-13 per cent in the 2010-11 financial year. The pharmaceutical sector is expected to see the highest salary increases of 13.2 per cent on average in the current fiscal, the survey revealed. "Rising purchasing power and increasing penetration of health insurance will support strong growth in business (pharma sector) over the coming months," the survey added. The real estate and healthcare sectors are both projected to see salary hikes of 12.1 per cent, while the energy space... READ MORE

India's Top 10 companies to work for

{loadposition 182} {loadposition adsense_article_big} A recent survey has identified top 10 workplaces in India. Google ranks the top in the same as expected, while there are some suprises as well. With only 4  software cos, in the final 10, the list is indeed interesting. 1. GoogleDo I need to tell anything about this one? Google headquartered in Bangalore in India houses around 1200 people and when I say houses I mean it. The employees are made to feel at home, so much so that employees prefer office to homes.  The rigorous seven step recriutment process makes sure only the brightest of bright brains enter its campus and the these brains are catered to the utmost work experience. 2. Make My TripHere comes the surprise number one in the list. While all of us think that IT jobs and banks (specially investment banks) are the best and highest paid in India,... READ MORE

Average IT salary in India

{loadposition 182} {loadposition adsense_article_big} The Salary of Computer Software Engineers has been envying people in other professions for a decade now. While many in India still believe that IT professionals are paid too much, on the other hand Europeans and Americans still call them as "Cheap Labor". Salary of software engineers has always been a hot topic because so many young Indians now think that Software engineering as their dream career. Even before I start discussing further, you should understand that these are just the rough/average numbers because salary varies drastically based on an individual's expertise and the company he works for. What is Average Salary? Average salary is a number where approximately half individuals earn more than that amount and other half makes less than that. It is not the average salary, usually the average salary is slightly more than median salary. A good software programmer in an MNC... READ MORE

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