Survey: Niche talent expected to get 20% hike this fiscal

Niche talent salary in India is expected to see a 20 per cent hike this fiscal, while salary growth will remain largely between 5 and 14 per cent, the TeamLease Jobs Salary Primer states.

The survey was carried out by composite staffing firm TeamLease Services.

From the jobs perspective, the country is likely to witness 11.3 per cent growth this fiscal.

According to the study, the power and energy sector is expected to witness a higher salary growth of 13.5 per cent, with IT and knowledge services expected to see 12 per cent growth.

The other sectors that might see an approximately 10 per cent growth include sectors such as FMCD, FMCG, construction and real estate, media entertainment and retail.

According to the survey, the IT industry pays a premium to acquire new skills and talent, especially, with the western – particularly the US – markets slowly getting back on their feet.

The report also reveals that the IT industry seems set on a talent acquisition/ retention drive. Salary growth rates are healthier than earlier in the key cities that the survey was carried out.

Following two straight years of slowing revenue, the telecommunication industry seems to be restraining payouts, it adds.