News: Niche talent to see 20% salary hike this year

#Current

Niche talent to see 20% salary hike this year

Salary growth for employees in India is likely to remain between 5 per cent and 14 per cent, but professionals with niche talent can expect increment in excess of 20 per cent this year, says a report.

Salary growth for employees in India is likely to remain between 5 per cent and 14 per cent, but professionals with niche talent can expect increment in excess of 20 per cent this year, says a report.

According to staffing firm TeamLease Services, key talent in an organisation that possess select and rare skills may fetch themselves salary increments in excess of 20 per cent. According to the report, power and energy sector has muscled its way to the top of the heap with a significantly higher salary growth rate (13.5 per cent) compared to IT and knowledge services, which comes in second at 12 per cent. Moreover, a number of other industries too namely FMCD, FMCG, construction and real estate, media and entertainment and retail deliver salary growth rates upwards of 10 per cent.

Read the Economic Times news report here.

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

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