News: Executives to expect 15-20 per cent salary hike: Experts

Compensation & Benefits

Executives to expect 15-20 per cent salary hike: Experts

With economic prospects looking better, executives are expected to see their pay packets increase as much as 20 per cent in the next financial, feel experts. Although the salary hikes could see significant variations across sectors, pharmaceutical and automobile industries are likely to see the maximum increases, HR experts said. Latest projections by executive search firm MANCER Consulting showed that middle and senior level professionals in the country are likely to get a pay hike in the range of 10 to 20 per cent. Similar increases could also been with respect to bonuses.

With economic prospects looking better, executives are expected to see their pay packets increase as much as 20 per cent in the next financial, feel experts. Although the salary hikes could see significant variations across sectors, pharmaceutical and automobile industries are likely to see the maximum increases, HR experts said. Latest projections by executive search firm MANCER Consulting showed that middle and senior level professionals in the country are likely to get a pay hike in the range of 10 to 20 per cent. Similar increases could also been with respect to bonuses.

Read the Economic Times news report here.

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Topics: Compensation & Benefits, #National, #TotalRewards, #Trends

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