News: Positive increment trends seen across sectors

C-Suite

Positive increment trends seen across sectors

According to a Deloitte India Compensation Trends Survey, manufacturing, infrastructure and real estate sector employees are enjoying the highest salary increments this year. These sectors have reported 15 percent salary increment figures for 2012 – 2013. The financial services sector has been the most conservative in increment projection at 10 percent and overall median salary increase across sectors is 12 percent.

According to a Deloitte India Compensation Trends Survey, manufacturing, infrastructure and real estate sector employees are enjoying the highest salary increments this year. These sectors have reported 15 percent salary increment figures for 2012 – 2013. The financial services sector has been the most conservative in increment projection at 10 percent and overall median salary increase across sectors is 12 percent.

The overall variable pay (as a percentage of CTC) across sectors is 16 percent. The frequency of payout is annual for majority of companies. However for sales staff, the payout is observed to be monthly or quarterly.  Attrition in pharma, healthcare and life sciences, has been the highest at 22 per cent, followed by ITeS, media and advertising at 16 per cent. The overall attrition across industries is 13 percent.

Source: The Hindu Business Line

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Topics: C-Suite, #Updates

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