Tuesday, February 21, 2012

Corporate employees likely to have 20% pay hike in 2012

 Employees in India seem to have a reason to cheer despite the prevailing economic uncertainties, as they could get pay hikes of as much as 20 per cent this year, as per two different salary surveys released today.

As per the annual India Salary Increase Survey by global HR consultancy major Aon Hewitt, the employees at companies in India this year would get an average pay hike of 11.9 per cent -- the highest in the Asia-Pacific region. Another survey by job portal Naukri.com pegged the salary increases for this year even higher at up to 20 per cent.
Based on a survey of over 1,000 recruiters, the report noted that about 32 per cent respondents felt that hikes would be between 10-15 per cent. "... 31 per cent said increments will be within the range of 15-20 per cent," it noted. However, 15 per cent of recruiters said that the increments could be less than five per cent.
Naukri survey also found that the hiring trends would remain robust in the coming months and as much as 72 per cent of the employers are planning to hire new staff. Aon Hewitt also pegged the pay hikes at above 12 per cent for the junior and middle management level employees. Salaries for critical talent are projected to increase the most by 15.1 per cent this year, as India Inc is concentrating efforts on identifying top talent and rewarding them accordingly, Aon Hewitt said.
In terms of sectors, pharmaceutical space would the highest hike of 13.3 per cent, followed by engineering design/services projects at 13 per cent. However, the telecom and Financial Institutions are projected to see lowest salary increases for 2012 at 11 per cent and 10 per cent, respectively, thus pulling down the overall average to 11.9 per cent.
Source : The Times of India

No comments :

Contact Us

Viewers may share any information with the administrator in this email shyamali00@gmail.com
Any news, if approved, may be published in this blog under his /her name.
Related Posts with Thumbnails

Blog Archive

Bookmark This Page

Bookmark and Share
All the information published in this webpage is submitted by users or free to download on the internet. I make no representations as to accuracy, completeness, currentness, suitability, or validity of any information on this page and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis. All the other pages you visit through the hyper links may have different privacy policies. If anybody feels that his/her data has been illegally put in this webpage, or if you are the rightful owner of any material and want it removed please email me at "shyamali00@gmail.com" and I will remove it immediately on demand. All the other standard disclaimers also apply.