You may see a 15% hike in salary this year
All the talk about the revival after the slowdown is going to finally show up your wallets. Most companies are approaching the appraisal season and HR experts say early indications are that there will be a marginal increase hikes this year. "This year has been cautious but has not been as bad as last year, so hikes will be better than last year, albeit marginally," said Ashok Reddy, co-founder of staffing company TeamLease Services. Annual hikes could be between 12% and 15%, slightly higher than the 10-12% last year, as companies have to rate their workforce, he said.
Read the Times of India news report here.