Most companies offer pay hikes to retain talent: Survey
Fresh talent hiring increased 11% from a year earlier in July, with the index rising from 268 to 298, despite falling 1% sequentially, according to the foundit insights tracker (fit), a monthly analysis of online job posting activity.
“We have also noticed that the salaries of employees have consistently risen, driven by higher demand for fresh talent and competitive salary offerings. This growth is likely fueled by high-growth sectors such as technology, digital marketing, and e-commerce,” said Sekhar Garisa, CEO, foundit, a Quess company.
According to the tracker, salary growth across most sectors has been positive and consistent in the past year. The IT-software and services sector led salary packages, followed by retail, and advertising, among others.
However, a few sectors such as automotive, BFSI, and travel and tourism saw declines in salary packages, reflecting market challenges and industry adjustments.
Fresh graduates in the retail and telecommunication sectors saw the highest growth, recording a 15% and 14% rise in salaries, respectively.
Freshers in the retail industry get an average minimum salary of Rs 3.3 lakhs per annum (LPA) and an average maximum salary of Rs 5.2 LPA, according to foundit.
Professionals with over seven years of work experience in advertising, market research and PR industry witnessed a 15% year-on-year growth in salaries in July.
The IT software and services industry continues to lead salary packages across experience levels. «Freshers in the IT sector have the highest
