NEWS ROUND UP – SALARY HIKE

A on Hewitt, a global HR consultancy, recently announced the results of its latest `Annual Salary Increase Survey in India’. The study, which analysed data from more than 580 companies, reports that Indian employees, on an average, will receive a 10.6 per cent hike in their salary this year.
Anandorup Ghose, rewards consulting practice leader, Aon Hewitt India said, “On the back of improving business confidence, a stable government and moderating inflation, there is a significant improvement in business confidence across companies.However, this confidence is not reflecting in salaries. The projected salary rise shows a subtle improvement over salary increases in the last three years. Companies across industries are continuing to take a cautious stance and are not going for aggressive pay increases.“
Sectors such as life sciences, engineering services, chemicals and media, which have consistently led the salary increase numbers since 2012, are projecting a higher increase than the market average.

Source : Mumbai Mirror
Date : 26th Feb 2015

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