Higher attrition has been leading to better increments as the job market is currently witnessing a huge churn, according to Naukri, a job portal.
Recruiters, in general, are expected to offer better increments for job seekers in the coming months and some 40% of recruiters are expected to give out average increments of 15%, as per a hiring outlook released by Naukri on Tuesday.
Naukri hiring outlook for 2022 showed that 57% of recruiters indicated both new and replacement hiring in their organisations until June this year while intent for hiring during the first half of last year was 51%.
Also, some 62% of recruiters anticipated the hiring to go back to pre-pandemic levels in their organisations by June 2022.
Pawan Goyal, chief business officer, Naukri.com, said “The anticipation of returning to normalcy by companies is fueling a strong hiring sentiment as there has been a pent-up demand across sectors.’‘
From an experience standpoint, recruiters foresee maximum hiring to take place for the experience band of 3-5 years (67%), followed by 1-3 years (53% ), and 5-8 years (53%), as per the study.
Also, a majority of attrition is expected from employees in the experience bracket of 3-5 years (51%), followed by 1-3 years (45%).
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