Is Indian job market effected by the current global financial crisis?
It is not heavily affected but it is slightly affected. Companies that are export oriented have started reducing the number of people they recruit every year. Companies have started to tighten the appraisal & performance management process and the low performers have been asked to leave. The hikes that the employees may get seems very small for the next financial year because all companies want to play it safe and are not ready to commit for high pay budgets for the next financial year.
