New Year cheer: 8.5 lakh new jobs, 20% pay hike in 2014

Jan 01 2014, 13:55 IST
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The year 2014 seems very promising for job market unlike 2013, when hiring went slow across mid and senior levels. The year 2014 seems very promising for job market unlike 2013, when hiring went slow across mid and senior levels.
SummaryNew banking licences will be a major contributor in job market along with IT, healthcare sectors.

Changeyourboss.com CEO Bhupender Mehta, sectors like services, mining, construction and infrastructure are expected to up their hiring activities and companies are expected to give 12 per cent average salary hike.

Lighthouse Partners' Managing Partner Rajiv Burman said a new government in 2014 should emphasise on promoting growth and therefore hiring trends will also improve. The pay hikes could be 5 per cent for average performers and 10-20 per cent for high achievers, he said.

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