Year Jobs: Employment market to see modest hiring, 10-15% pay hike next year

Jobs

On the salary front, however, most industries would keep to single-digit increments, as companies are likely to take a cautious approach and adopt cost cutting measures next year as well, believe experts.

"There would be a few sectors and exceptional performers who can expect a double digit pay hike; however, even theirs would be dependent on goal achievement by the team and organisation overall. Most industries would keep to single digit increments," Lala added.

Also, companies may look at increasing the variable component linked to performance rather than increasing the fixed component.

According to Executive Access Managing Director Ronesh Puri, "the firing of non-performers will increase majorily as organisations which hitherto refrained from pushing the envelope on this will be left with no alternative but to become far more demanding from their employees."

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