42% of recruiters say their companies gave less than 10% increment: Naukri survey

With the appraisal cycle finally coming to an end, a survey has revealed that 42 percent of recruiters said that their companies gave less than a 10 percent increment to their employees.

The majority of recruiters remained cautious with respect to increments offered by their organisations during the last appraisal cycle, Naukri’s Hiring Outlook Survey stated. It added that 31 percent of recruiters revealed that their companies gave salary hikes between 10 and 15 percent. Only 6 percent of recruiters surveyed said that more than 30 percent increments were rolled out in the last appraisal cycle.

The survey conducted by the job site involved 1,200 recruiters and recruitment consultants to gauge hiring trends across companies and industries.

It also found that nearly 70 percent of recruiters surveyed expect attrition rates to remain below the 15 percent level in six months. "These expectations around attrition trends show that employees will look to hold onto their current job profiles amidst current job market uncertainties," the report stated.