As soon as we will be moving into 2017, we will start listening agenda and ideas of the salary hikes for the employees. As per the statistics so far it is not going to be more than average 10 percent but even this is best in the emerging markets of Asia pacific report says.
“We are seeing lower salary increase budgets across much of the region,” said Sambhav Rakyan, data services practice leader, Asia Pacific, Willis Towers Watson, a global advisory, broking and solutions company. “India will still likely see the highest salary increase in 2017 among the developed and emerging markets in APAC.”
Research shows that Pharmaceuticals and Media industry would likely to see the growth while Finance and Energy will be showing a drop in the increments. Talking about the Technology, they will be showing a flat rate.
“Employers have to think beyond inflation linking and look at more nuanced factors such as affordability, growth expectations, both employee and company performance, and specific talent and skills needs.”
The survey covered 300 companies across sectors in India and about 10,000 companies globally. Of the respondents, 34% projected a positive business revenue outlook for the next 12 months versus 41% last year. Those who see no big in revenue amounted to 59% of respondents.
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