News: India Inc to see 10.5% salary hike in ’16

Compensation & Benefits

India Inc to see 10.5% salary hike in ’16

Mumbai: Companies in India expect to increase base salaries by 10.5% next year and almost half of them plan to hire more workers, according to a survey by consulting firm Mercer.

Mumbai: Companies in India expect to increase base salaries by 10.5% next year and almost half of them plan to hire more workers, according to a survey by consulting firm Mercer.

 

The expected base salary increase across industries and career levels in 2016 ranges from 10% to 11%, with relatively higher increases for life sciences, IT and chemical industries, according to Mercer's India All Industries Total Remuneration Survey of 691 organisations. 

 

Read more on The Economic Times here

 

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Topics: Compensation & Benefits, #Corporate

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