News: Moderate pay raises in annual appraisal cycle this year

Compensation & Benefits

Moderate pay raises in annual appraisal cycle this year

A survey by career portal HeadHonchos.com reveals that senior professionals are likely to get increments in the range of 6-15 per cent in the annual appraisal cycle this year. According to a snap poll conducted by HeadHonchos.com, professionals are forecasting moderate pay raises during the annual appraisal cycle this year, with 46 per cent of respondents expecting increments to range between 6 per cent and 15 per cent. Just 19 per cent of the respondents said they expect salary increments of over 15 per cent this year, while a significant 35 per cent believe that they will not receive increments at all or that salary increases will be less than 5% in their organisations. This year's pay raises is in tandem with the trends in recent years that have seen increments in the 11-13 per cent band.

A survey by career portal HeadHonchos.com reveals that senior professionals are likely to get increments in the range of 6-15 per cent in the annual appraisal cycle this year. According to a snap poll conducted by HeadHonchos.com, professionals are forecasting moderate pay raises during the annual appraisal cycle this year, with 46 per cent of respondents expecting increments to range between 6 per cent and 15 per cent. Just 19 per cent of the respondents said they expect salary increments of over 15 per cent this year, while a significant 35 per cent believe that they will not receive increments at all or that salary increases will be less than 5% in their organisations. This year's pay raises is in tandem with the trends in recent years that have seen increments in the 11-13 per cent band.

Source: The Economic Times

 

 

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Topics: Compensation & Benefits, #TotalRewards, #Updates

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