Jobs are growing only in big firms, smaller ones continue to downsize: CARE

More than 40% of the companies surveyed showed job contraction in FY18, says a report by CARE Ratings

For two consecutive years, smaller companies have cut jobs, while bigger companies have added job-seekers at the fastest rate, a recent study has shown.

In the 1,610 companies studied, jobs grew by 3.8 per cent in 2017-18, slower than 4.2 per cent growth achieved in 2016-17, but faster than 2.5 per cent in 2015-16. The growth in salary bills for those companies has been fairly constant near 8-8.5 per cent for the last three years.

However, the average salary per employee is growing slower and slower. It grew by 4.3 per cent in 2017-18, dropping from 4.8 per cent in