A survey by Aon, a professional services firm brings a note of positivity in the otherwise grim employment landscape in India.
Tech major Wipro had recently backtracked on its pay to freshers from Rs 6.5 lakh to Rs 3.5 lakh.
The highest salary hikes will be seen in jobs dealing with technology platforms with an estimated industry average of 10.9% as reported by Business Standard.
The survey included the participation of 1,400 companies across 40 industries of which 46% of the companies are expected to increase employee salaries by double-digits.
The Chief Business Officer of TeamLease, Sumit Kumar stated the dilemma of organizations in having to manage high costs and retain talent as reported in Business Standard.
Sumit Kumar said, “Under the given circumstances, 10.3 per cent seems viable. While growing inflation and rise in lending interest rates could dampen sentiment of an average salaried employee, the silver lining is that there are no salary cuts which we have seen in earlier recession scenarios”.
The survey estimates double-digit salary hikes for India with an expected increase by 10.3%, the highest among the world’s leading economies. China, Us and the UK projecting salary growth of 6.3%, 5.2% and 4.8% respectively.
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