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Tuesday, February 2, 2010

Layoffs, job losses and salary cuts quickly seem to be a thing of the past. Since India is expected to grow at a strong pace from here on, salaries across India Inc. are also likely to follow suit. Corporate honchos are looking to capitalise on this optimism and reward key people in their organizations. Hiring exciting talent is also on their agenda. As reported in a leading business daily, there are indications that the salary hikes on an average may be in the 9-18% range. Further, there are increasing hopes of bonuses too. Sectors which could see employees getting rewarded are telecom, FMCG, retail, automobiles and consumer durables. What a turnaround it has been! Just last year, people across organizations were concerned about losing their jobs let alone their salaries being cut. Bonuses then were not even contemplated. Now with the improved economic scenario, big bonuses are looking to make a comeback. And this time, India is making headlines.

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