Energy may see highest hike in average salary: MaFoi
The energy sector may witness the highest increase in average salary this year, beating the IT segment and others. Day in Pics | Demand salary hike, but politely
By Agencies |
MUMBAI: The energy sector may witness the highest increase in average salary this year, beating the IT segment and others, and attract scores of youngsters, says a leading consultancy agency.
Energy at an expected 16.8 per cent increase in average salary is followed by real estate and construction at 16.1 per cent and IT at 15.7 per cent jump, consultant agency MaFoi said in its employment survey.
Trade and hospitality sectors are going to see a jump of 14.4 per cent and 14.2 per cent, respectively, MaFoi said.
Textile and garments, apparel, paper and publishing, printing, mining and extraction and manufacture of rubber and plastic would witness the lowest average salary hike, it said adding that these sectors would attract a hike of 11-12 per cent only.
Energy at an expected 16.8 per cent increase in average salary is followed by real estate and construction at 16.1 per cent and IT at 15.7 per cent jump, consultant agency MaFoi said in its employment survey.
Trade and hospitality sectors are going to see a jump of 14.4 per cent and 14.2 per cent, respectively, MaFoi said.
Textile and garments, apparel, paper and publishing, printing, mining and extraction and manufacture of rubber and plastic would witness the lowest average salary hike, it said adding that these sectors would attract a hike of 11-12 per cent only.
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About 32.9 per cent of the freshers joined the energy sector, the survey said while IT is expected to hire 26.5 per cent.
However, real estate and construction prefer experienced hands. More than 78.1 per cent in this sector are experienced hands, MaFoi study said.
Hospitality sector also attracts youngsters as about 33 per cent of the workforce would be freshers this year, the study said.
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