Indian firms hiring more, paying better: Report

Media and entertainment segment topped the chart showing an increase of 184 per cent, followed by real estate at 171 per cent, infrastructure at 156 per cent, hotels at 107 per cent, IT at 57 per cent and finance at 56 per cent.

The study tracked quarterly results of 160 companies and found that the wage cost of services firms went up by 60 per cent during the third quarter against the same period last year. Manufacturing sector saw a rise of 28 per cent.

Among individual companies, the payroll bill of Balaji Telefilms rose five times. Real estates companies D S Kulkarni Developer and Shobha Developers saw jump of 229 per cent and 114 per cent during the quarter as property witnessed a boom.

In infrastructure, which registered third highest rise in personnel expenses, JP Associates and GMR Infrastructure paid 32 per cent and 8 per cent more for salaries.