Companies have announced robust hiring plans. Campus placements saw recruiters making eye-popping offers.That apart, surveys by several HR firms indicate that the median salary hike this year will be close to 11%. Star performers can expect even more. According to Aon Hewitt, the top performers are expected to get 1.6 times the hike given to average performers.
Behind these glad tidings is a worrisome reality . In recent months, India Inc has become more conscious of the bottom line. Companies are ruthlessly shedding flab to become more profitable. One estimate says that in Bengaluru alone, some 15,000 techies have been laid off in the past one year. "Organisations are becoming bolder in removing roles or people," says Aditya Narayan Mishra, President-Staffing, Ranstad India.
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