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Job prospects bright

New Delhi, Jan. 1 (PTI): It may rain jobs in the new year as companies are gearing up to add over 8 lakh employees to their payrolls and dole out salary hikes of up to 20 per cent to the best performers in 2014, say experts.

According to the estimates of various human resource consultants, 2014 seems very promising for the job market, unlike 2013, when hirings went slow across mid and senior levels and recruitments were done only to replace key gaps.

In the new year, the country is likely to witness a huge surge of opportunities for job seekers with more and more corporates investing in their businesses.

“Yes, 2014 looks bullish on hiring. 2014 will be seen as a good happening year from the job perspective as the global economy is improving and India being one of the largest service provider for the global market,” leading executive search firm GlobalHunt managing director Sunil Goel said.

According to industry estimates, over 8.5 lakh jobs may be created this year. The issuance of new banking licences will be a major contributor, while IT, healthcare, farm business, infrastructure and education sectors are also likely to witness robust hiring trends.

“The last calendar year was not good either for job seekers or for employers because of uncertain and fluctuated economical and political conditions. 2014 is coming with positive vibes for job seekers and expecting to create 8.5 lakh new jobs in different sectors,” Rajesh Kumar, CEO, & said.

With regards to salary, the average hike for most sectors is expected in single digits, while top performers can expect a pay rise of around 15-20 per cent in 2014, experts say.

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