'Job market in India promising'

With companies doling out salary hikes in the range of 10-13 per cent across industries this year, job market in India is promising, says staffing firm Kelly Services' annual Employment Outlook and Salary Guide 2011-12.

"Companies are now exploring innovative methods to successfully retain their workforce across sectors.

"They are actively involved in finding out what their top talent wants and are implementing various motivational methods," Kelly Services India Managing Director Kamal Karanth said in a press statement.

. . .

Most of the companies are also offering 'spot bonuses' to employees to retain them.

As per the report, the hottest industries in India include sectors like manufacturing, construction, pharma and healthcare, Banking, Financial Services and Insurance, education, information technology and IT-enabled service, and real estate and construction.

The IT sector saw a surge of lateral hiring especially positions with niche skills. The action is mainly in the mid-level which has also seen a rise in salary.

. . .

The BFSI sector saw an increase in salary for senior professionals in the finance and sales segment.

The oil and gas sector saw a lot of talent being lured to international destinations like Southeast Asia, Australia and Europe.

For instance, someone with an annual salary of Rs 15 lakh (Rs 1.5 million) is being offered Rs 25 lakh (Rs 2.5 million) at international destinations, the report added.

The Employment Outlook and Salary Guide, said the companies are exploring innovative methods to successfully retain their workforce, says a survey.