Technoglitch
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Indian companies are expected to offer an average salary hike of 10.3% to their executives in 2016, a tad lower than the 10.4% increase last year, consulting firm Aon Hewitt said on Wednesday.
Aon Hewitt’s India Salary Increase Survey, which is a pointer to the upcoming job appraisals season for white-collar employees, said the business outlook in India has dipped a bit, and is reflected in the projection.
“Companies across industries are continuing to take a cautious stance and are not going for aggressive pay increases,” the survey said.
In the last five years, the average salary hike has been range-bound between 10% and 10.5% and “this seems to be the new normal,” said Anandorup Ghose, head of the talent and reward vertical at Aon Services India Pvt Ltd.
Though the average salary hike has been stagnating, India continues to offer the best average hike in the Asia pacific region, Ghose said.
In the Asia Pacific, among others, Chinese employers are expected to offer an average pay increase of 6.9% and Japan 2.5%, the lowest in the region.
In India, among sectors, e-commerce and start-ups will offer the best average salary hike (15.6%) and financial institutions the lowest at 8.8%. Life sciences (11.6%) and media (11.2%) are expected to be among the sectors offering the best pay raises in 2016.
Indian companies may offer 10.3% average pay hike in 2016 - Livemint
Aon Hewitt’s India Salary Increase Survey, which is a pointer to the upcoming job appraisals season for white-collar employees, said the business outlook in India has dipped a bit, and is reflected in the projection.
“Companies across industries are continuing to take a cautious stance and are not going for aggressive pay increases,” the survey said.
In the last five years, the average salary hike has been range-bound between 10% and 10.5% and “this seems to be the new normal,” said Anandorup Ghose, head of the talent and reward vertical at Aon Services India Pvt Ltd.
Though the average salary hike has been stagnating, India continues to offer the best average hike in the Asia pacific region, Ghose said.
In the Asia Pacific, among others, Chinese employers are expected to offer an average pay increase of 6.9% and Japan 2.5%, the lowest in the region.
In India, among sectors, e-commerce and start-ups will offer the best average salary hike (15.6%) and financial institutions the lowest at 8.8%. Life sciences (11.6%) and media (11.2%) are expected to be among the sectors offering the best pay raises in 2016.
Indian companies may offer 10.3% average pay hike in 2016 - Livemint
