India faces the problem of under-employment and an unsatisfactory job scenario more than unemployment as the young generation has higher aspirations compared to what is on the ground, NITI Aayog Vice Chairman Rajiv Kumar said on Wednesday.
As salary hikes were muted in the recent past, mid to senior level executives want to make up for this perceived loss at the time of a job change. Expectation of higher salary hike has become a challenge for recruiters this year.
Under fire for its 'employee separation package', IT firm Cognizant has said the company has offered it in India and the US for the first time, unlike its peers who keep taking such steps regularly.
Salary hikes in the times of layoffs. That’s what the IT industry is witness to at present. And the IT employee unions are not taking this contrary lightly.