Rising attrition and talent shortage in India will drive higher salary increments in the months ahead, reports the Economic Times, citing survey findings from Naukri. The number of recruiters planning to roll out increments greater than 30% in their respective organisations grew by 60% versus the previous outlook survey conducted in July 2021. At the same time, the number of recruiters foreseeing an increment below 10% reduced from 37% to 33%. The survey also shows that recruiters across India are indicating a strong hiring sentiment for the first half of 2022. Nearly 57% of recruiters indicated both new and replacement hiring in their organisations in the coming months till June, up from 51% last year. About 62% of the recruiters expect hiring to go back to pre-Covid levels in their organisations by June. The survey shows an increase in demand for tech-enabled skills.

“The anticipation of returning to normalcy by companies is fuelling a strong hiring sentiment as there has been a pent up demand across sectors,” said Pawan Goyal, Chief Business Officer, Naukri.com. Approximately 2% of recruiters foresee a hold on hiring, while 1% indicate layoffs for the coming months.