It may be a bumper new year for the job market, with India Inc planning to create close to 10 lakh new jobs and dole out pay hikes of up to 40 per cent for best performers in 2015.
The average salary increments may also be higher in the range of 15-20 per cent, as against 10-12 per cent across various sectors during 2014. New-age sectors like e-commerce are likely to see relatively higher pay hikes.
With GDP growth rate being pegged at near 5.5 per cent, after sub-five per cent growth in recent past, businesses across sectors are expected to grow, experts said, and this should result in a strong job market rally as well.
In addition, India has a competitive advantage of demographic dividend, which would together with the hiring intensity, mark a new era of recruitment in the country.
Human resource experts believe, that job market in 2015 is going to be in a strong hiring mode and companies are preparing themselves for aggressive recruitments across the board.
In addition, there are expectations that a large number of global players would come to set shop in India, thus creating a lot of job opportunities at leadership and other levels.