News: Talent shortage may push up increments

Compensation & Benefits

Talent shortage may push up increments

Salary hikes for key people in an organisation may go higher than 22 per cent this year, owing shortage of talent. Several reports by Hay Group, Mercer, Aon Hewitt, Towers Watson, and Teamlease are in consensus that top performers will earn almost double the average increments. The key reason for remarkable gaps between top and average performers is the dearth of quality talent.

Salary hikes for key people in an organisation may go higher than 22 per cent this year, owing shortage of talent. Several reports by Hay Group, Mercer, Aon Hewitt, Towers Watson, and Teamlease are in consensus that top performers will earn almost double the average increments. The key reason for remarkable gaps between top and average performers is the dearth of quality talent.

Read the Ecomomic Times news report here.

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Topics: Compensation & Benefits, #Trends, #Corporate

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