News: Employees likely to see lower pay hikes this fiscal

Compensation & Benefits

Employees likely to see lower pay hikes this fiscal

In the ongoing annual appraisal time, a survey conducted by Deloitte India reveals that India Inc. is expected to give slightly lower hikes in salary as well as variable payouts this fiscal. The overall increment would be around 12 percent. The lesser pay hike projection compared to about 13 percent last fiscal comes against the backdrop of high inflation and global issues impacting domestic economic growth. 

In the ongoing annual appraisal time, a survey conducted by Deloitte India reveals that India Inc. is expected to give slightly lower hikes in salary as well as variable payouts this fiscal. The overall increment would be around 12 percent. The lesser pay hike projection compared to about 13 percent last fiscal comes against the backdrop of high inflation and global issues impacting domestic economic growth. 

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Topics: Compensation & Benefits, #Updates, #TotalRewards

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