India’s 2016 Job market to see more hiring and 10-30% pay hike #AccheDin

The Indian job market is expecting pay hike ranging between 10-30% in 2016. The private sector is also expected to hire aggressively. However, e-commerce and 'Make in India' must push this just a bit.

The 7th Pay Commission is also expected to trigger a big hike in government employee salaries. That’ll lead to fatter pay-cheques in the private sector as well. According to a TimesJobs survey, over 70% employees regret working in the private sector following the proposed 23.6% salary hike for government staff.

Experts say the job market would definitely be better in 2016 than 2015. With promises of a better investment climate and the government push to manufacturing industry, 2016 is expected to be a fruitful year.

Executive search firm GlobalHunt MD Sunil Goel said, "Though there is lot of back-end work happening to bring the 'good days', it is still reflected at sentiment level only. It may start reflecting on ground level in year 2016."

The average pay hike would be around 12-14%. The key performers can expect a hefty 25-30%.

Image credit: Indiatimes