Browsing: Salary hike in 2016

Startups and companies in their early stages will continue to provide maximum increments in order to retain and attract talent. 

The biggest challenge for organisations is to retain employees as attrition increases from 10.3 per cent to 12.6 per cent between 2014 and 2015.

Even if India’s inflation rate of 6.4 per cent is factored in, the real wage increase will be 4.7 per cent, implying double the growth rate of 2015.  

Employers and employees have a different set of beliefs and expectations in the current situation, and this isn’t a healthy trend.