Fresh hiring in IT and ITeS industry is likely slow down to two lakh this fiscal, while salary hike in the sector would be lower by 2.5 per cent next year, IT industry body National Association of Software and Service Companies (NASSCOM) said today.
"This year, the new recruitments in IT sector is estimated to be two lakh this fiscal compared to 2.80 lakh people due to global recession," NASSCOM Chairman Ganesh Natarajan said here today.
However, he categorically said there would not be any job cuts at the industry level.
"There could be job cuts in a one particular company. May be because its business model is not right or some other reasons, but overall the industry would not force any job cuts," he asserted.
On being asked about what was the view of NASSCOM on salary hike of employees for next year, he said "while considering the present conditions, the increments in salary packages would be 7.5 per cent next year compared to 9 per cent this year".