..whimsical..

Economic indicators are coming in think and fast. India consumers have been hurt when rising interest rates, untamed inflation , consumer credit squeeze and tightening tax noose (from FBT on ESOPs to expanding service tax net) but fortunately the news from the job market from India workers is bright and cherry. Pay package are getting fatter faster. Multiplying job offers are keeping Indian workers in good humor. And the nightmare for India Inc continues amid robust growth with ever more demanding employees. Just how good and bad is this year going to be for he job seekers and the job givers? How are companies restructuring pay package to make them more performance – oriented between Nov 2006 and march 2007, Watson Wyatt a global HR consultancy firm, undertook an in-depth study reaching out to around 100 companies, vetting over 250,000 payrolls in over 20 top cities to understand the trends and future outlook for salaries, attrition and top employee drivers in the job market.” This is the first time we are doing such a consolidated study of so many sectors,” says Anit Belani, country head, Watson Wyatt.   SALARY HIKEThe fat salary- hike- Indian workers have got the fattest salary hikes over the 5 years according to various studies- will continue. With retailing and many more new emerging sectors joining the war for talent. Salary will only go northwards