New Delhi: According to a latest research by Aon Hewitt, annual salary increase this year in India shall bring a meagre 10.3% hike on an average. According to the report, the sector that was to offer better pay packages shall be of pharmaceuticals.
‘In sync with the economic outlook,10.3% increase is among the lowest the country has seen in a decade (barring the subprime crisis year). Though business sentiment is strengthening on account of inflation reaching a 3-year-low and stock markets rising, the cautious streak is evident in the projected salary increase numbers’, said Sandeep Chaudhary, Partner – Talent & Rewards, Aon Hewitt India.
There were 565 organisations across 18 sectors that were polled as part of the survey. It can be seen through the survey that India Inc is actually rewarding excellent performers better to retain them. However, overall attrition levels are below expectations owing to limited chances to switch.
Source : http://daily.bhaskar.com/article/MON-india-inc-reflects-cautious-economic-outlook-records-an-average-salary-increase--4534286-NOR.html
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