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Jobs in Kanpur


As per a recent report by the World Bank, India has been poised to become the fastest growing economy in the world, and it is expected to be one of the top three economic powers in the world. For 2018, it has even surpassed China in terms of overall growth with its GDP expected to grow at 7.3 percent in 2018-19. India’s GDP is also projected to grow at similar rates for the next three consecutive years, backed by its strong democracy and foreign investment partners.

As the country’s GDP grew at a constant rate of 7.2 percent in the financial year of 2017, corporate earnings are also expected to grow at an average of 20 percent in the FY 2018-19, according to a research. This growth is supported by capital expenditure recovery and various financial measures taken by the government to boost investment influx.

Additionally, India is also known for being the 3rd largest base for startups in the world. It has over 4,750 technology-based startups, with 1,400 startups founded in 2016 alone. The country is currently undergoing a wave of entrepreneurship which is sure to give a push to investments and employment opportunities alike.

The labour force in India is also expected to reach 170 million by 2020, as per the population growth, higher education enrolment, increased labour force participation, and other factors.  The economy of India thrives on the service sector, which is largely driven by skilled professionals. As per Randstad Employer Branding Research (REBR) 2018, 79% of the organizations in India are on the lookout for increased hiring as they are looking for the best talent available in the country. The key focus for organizations in the country is the employee acquisition and retention strategies. Paying close attention to salary trends is an important part of these strategies as salary is considered as the main motivator for employee acquisition and retention.

As per REBR 2018, among all the metros offering the most attractive compensation packages, Bengaluru has topped the list with an average CTC of INR 14.64 lac per annum. The financial capital of the country, Mumbai, came a close second with an average CTC of INR 14.24 lac per annum. The third spot was grabbed by Hyderabad, offering an average CTC of INR 13.61 lac per annum. On the other hand, the national average CTC was recorded at INR 13.23 lac per annum during the FY 2016-17.

The FMCG sector topped the 5 surveyed industries by offering the highest average CTC of INR 11.27 lac per annum. The same is followed by the IT and Energy and Utilities segment offering average CTCs of INR 9.27 and INR 9.85 lacs per annum, respectively.

There is an array of jobs in India and tier 2 cities as well. Randstad can help you find jobs in Kanpur, and jobs in cities of your choice by providing the right blend of tech and touch.

Source: Randstad India Survey

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