Tag: Salary Hike

The average salary increment for top performers will be 15.4 per cent.

With only a 10 per cent increase in salaries in sight for the next year, the way to keep employees contented will be through rewards and recognition.

Consolidation/merger of businesses by telecom service providers will lead to talent instability across industries.

The scenario is another indicator that the IT industry going through a tough phase.

The average salary increase across sectors is expected to be 9.7 per cent in this fiscal, 6 points less than the actual figure of last fiscal.

While take-home salary has emerged as the common preferred salary component, there are distinct differences in other perks desired.

This implies an increase 16 percent in basic, 63 percent increase in allowances, and a 24 per cent increase in pension. 

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.

In addition to a whopping salary hike, the 7th Pay Commission has also recommended several new aspects for the structure.

The consultancy reports that the average salary hike will go up in 2015, with FMCG and chemicals leading the way…