Corporate India is likely to witness annual salary hikes in the range of 6-15 per cent this year, depending on the industry, role criticality, and niche skills and this figure may touch as high as 40 per cent for emerging skills and critical leadership roles, according to Michael Page 2025 Salary Guide. The leading global recruitment consultancy noted that India's job market has shown resilience in recent months, offering increased opportunities across sectors compared to early 2024. "Annual salary hikes in India generally vary from 6-15 per cent, and salary increments for promotions typically range from 20-30 per cent, with critical leadership and emerging skill roles seeing hikes of 30 to 40 per cent," it said. Over a dozen new global private equity, sovereign, venture capital, real estate, and infrastructure funds have expanded their operations into India, marking the country's growing significance in the global investment landscape, it added. According to Ankit Agarwala, Managi
Top talent in AI, cybersecurity, and leadership roles see 30-40 per cent pay hikes as firms compete for skilled professionals with faster promotions, ESOPs, and long-term incentives
According to reports, the IT attrition rate for this year is expected to be around 12-13 per cent
Commission's recommendations will help around 4.5 million central government employees and 6.8 million pensioners
Indian employees may expect an average salary increment of 9.4 per cent this year across industries, indicating strong economic growth and rising demand for skilled talent, a report said on Tuesday. Over the last five years, salary increments have steadily increased, rising from 8 per cent in 2020, to a projected 9.4 per cent in 2025, according to Total Remuneration Survey (TRS) by HR consulting firm Mercer. The automotive sector leads with anticipated increments of 10 per cent from 8.8 per cent, driven by the surge in electric vehicles and the government-led 'Make in India' initiative. Manufacturing and engineering follow closely with an increase from 8 per cent to 9.7 per cent, reflecting a resurgence in the manufacturing ecosystem. More than 1,550 companies in India participated in the survey, spanning diverse industries, such as technology, life sciences, consumer goods, financial services, manufacturing, automotive, and engineering. Further, the report revealed that in 2025,
Another major takeaway from Unstop's report is the growing disparity between academic preparation and corporate expectations
Corporate India is expected to offer a salary hike of 9.5 per cent in 2025, similar to the 2024 actual salary increase, as companies are balancing optimism with caution, a report said on Tuesday. According to WTW's latest Salary Budget Planning Report, the median salary increase in India is forecasted to rise by 9.5 per cent in 2025, similar to the 2024 actual salary increase of 9.5 per cent. Salary increases in India continue to be the highest across the region. Markets such as Vietnam (7.6 per cent), Indonesia (6.5 per cent), the Philippines (5.6 per cent), China (5 per cent) and Thailand (5 per cent) are also projected to maintain a strong salary increase for next year. The Salary Budget Planning Report is compiled by WTW's Rewards Data Intelligence practice. The survey was conducted in April and June 2024. Approximately 32,000 responses were received from companies across 168 countries worldwide. The survey had 709 participants from India. "While companies in India are optimist
Attrition rate in 2024 fell to 16.9 per cent from 18.7 per cent in 2023 and 21.4 per cent in 2022
Experts say top performers may continue to see increases ranging from 12-18%
Wipro's salary this year improves upon the average 6% hike given to top performers at the IT firm last year
Maharashtra Chief Minister Eknath Shinde has agreed to raise the basic salary of MSRTC staff by Rs 6,500 per month. The increase will be applied retrospectively from April 2020
The IT firm faced significant online backlash over the internet for its low fresher salary offering, with many comparing it to 2002 levels
Airline sources stated that the growth was higher in 2022-23 because the airline was normalising the remuneration of employees who had suffered salary cuts during the peak of the COVID-19 pandemic
The annual raises ranged from 1 per cent to 5 per cent at the highest, after the increments were implemented with a four-month delay
Coforge CEO Sudhir Singh's annual remuneration in FY24 stood at Rs 105.12 crore, positioning him at the second spot after Wipro's former CEO Thierry Delaporte
Sri Lankan President Ranil Wickremesinghe has said that the government sector employees will not be given another salary increase this year, cautioning that further pay hikes without proper planning could cripple the government ahead of presidential and general elections. The 75-year-old, widely expected to seek re-election for the office of president, acknowledged the strain on the economy, stating that previous programmes providing increased benefits and allowances had depleted excess funds, the News First portal reported on Sunday. Wickremesinghe highlighted the Sri Lankan Rs 10,000 salary increase and additional benefits implemented under the "Aswasuma" programme. He emphasised the need for fiscal responsibility, cautioning that further salary increases without proper planning could cripple the government, the report said. Wickremesinghe, who has been serving the balance term of the ousted president Gotabaya Rajapaksa since mid-July 2022, stressed the need to prioritise nationa
A Redseer survey on low to middle income households found that 65% respondents relied on family and friends for financial support, citing medical emergencies as a major cause for savings depletion
The auditors at Big Five firms said the remuneration does not justify the risks, work stress, and investments in technology and talent
Lateral hiring in high-demand sectors like artificial intelligence (AI), machine learning (ML), cloud, and engineering services are the reason behind the surge