Indian Demonetization Has Little Impact

Demonetization in India did not impact this year’s increments in spite of all speculations to the contrary as companies doled out as much as 20% to key talent in the appraisal process, finds out a survey, MoneyControl reported. Post November 2016, air was rife with speculation about the cash recall’s impact on the hiring landscape and it was felt that the job market would be highly affected. According to a survey by Antal International Network India, though the job market did seem a bit slack at the start of 2017, it picked up pace gradually. The survey noted that as many as “85% respondents said demonetization did not impact this year’s increments at all in spite of the speculations”. The survey analyzed benchmarking data and key insights on appraisal trends across disciplines. Finance professionals within logistics and engineering sectors were offered the highest increment of 20% whereas retail saw the lowest 5% followed by telecom and, banking, financial services and insurance.