look news india
Salary Increment News: Employees may have to face disappointment regarding salary increase this year. According to a report by Aon PLC, this salary increase this year will be slightly less than last year. According to the survey, employees' salaries are expected to increase by 9.5 percent this year, compared to 9.7 percent in 2023.
Higher salary increases for top employees
It has been claimed that top employees get 1.74 times more pay hike than other employees. Employees are expected to get higher salaries this year due to low inflation and low average wage growth. According to the survey, after adjusting for inflation, employees will get 4.9 percent more salary increase. Which is much more than 4.2 percent in 2023. Also in terms of salary increases post Covid, financial institutions, engineering, automotive and life sciences are likely to see the highest salary increases. While retail, technology, consulting and service sectors are expected to see the least wage growth.
There will be more increment in this sector
According to the survey, this year employees will get an average salary increase of 11.1 percent in NBFCs, 10.1 percent in manufacturing companies, 9.9 percent in life sciences and financial institutions, 9.8 percent in global capital centres, e-commerce and 9.2 percent in e-commerce. Can. Information Technology Services. There is a possibility of 8.2 percent increase. The survey analyzed data from 1,414 companies across 45 industries. In which the highest salary increase is taking place in India. Wage growth took place in Bangladesh with 7.3 percent and Indonesia with 6.5 percent.
global recession is affecting
The global recession has affected many sectors and companies are having to make layoffs. The survey claims that the attrition rate has declined from 21.4 percent in 2022 to 18.7 percent in 2023. The impact of Artificial Intelligence on future jobs and salary growth will also be clearly seen in this survey. It has been claimed that India is at the forefront in terms of new technology.
