Average employee salaries in India are set to increase by 9 per cent in 2026, with a renewed focus on short-term incentives and skills-based systems, a report said on Wednesday. According to Mercer's Total Remuneration Survey 2026, organisations in India are shifting toward broader, more holistic value propositions and the top factors influencing salary increases include individual performance, inflation and the organisation's competitiveness in the job market, among others.
After quitting Infosys Technologies Limited as its senior vice-president and group head, human resources, Hema Ravichandar has now joined Mercer Human Resource Consulting as an independent consultant.
According to a study by global HR consultancy Mercer, even the largest companies in the country, whether public or private, could do more to help secure adequate retirement benefits for their workforce. In both public and private sector firms the basic salary is 28-30 per cent of the total salary. The basic salary for top management officials in private sector hovers between 25 and 40 per cent, while for other employees it falls in the range of 25 per cent to 30 per cent.
Global human resource outsourcing and consulting major Mercer will spend $50 million over the next three years on its upcoming global operations centre in Noida
Consultants are working with various teams on manufacturing, R&D, etc, to assess per-month productivity of each department.
Japan's Olympic champion Rei Higuchi offered his support to Indian wrestler Vinesh Phogat, who was debarred from her final in the Paris Games for being 100gm above the prescribed weight limit.
It is doubtful there has been a more popular winner of a Formula One race in recent years than McLaren's Lando Norris, who was celebrated by everyone from Max Verstappen to Donald Trump following his victory at the Miami Grand Prix on Sunday.
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India to see highest salary increase in Asia Pacific in 2017
While Vienna retains the top spot as the city with the world's best quality of living, according to the Mercer 2012 Quality of Living Survey, Singapore tops list for cities with the best infrastructure.
When compared to New York, Mercer's benchmark city, most European cities have witnessed a decline in cost of living.
Global HR services firm Mercer's survey of 214 cities worldwide has ranked Tokyo as the most expensive, while Karachi is the least costly place for expatriates.
Use a combination of the two options without which sufficient corpus can't be assured.
As Covid-19 cases recede, India Inc is once again tweaking work rules. Big tech companies such as TCS, Wipro and Infosys have either begun or are in the process of calling employees back to office in a staggered manner. A survey by Aon, a global professional services firm, has found that 60 per cent of tech firms now expect every second employee to come to office. More than half of the employees working in engineering and manufacturing firms are also being asked to return to work.
Thinking of migrating to a more agreeable locale? Then perhaps you should consider moving to Vienna, which has been named the best city to live in for the tenth year in a row. However, the news isn't that great for Indians, with the list released by global consulting firm Mercer showing that Indian cities fared badly in the quality of living survey. The comprehensive survey is done with many factors being considered like housing, crime, political stability, leisure, air pollution, infrastructure, health system, education and economy.
India Inc likely to keep average salary hikes at 11 per cent in 2015, with medical life sciences sector expected to dole out the highest pay raise, says a survey by Mercer.
India's Silicon Valley, Bengaluru, which has a high population of expatriates driven by the information technology sector, is getting more reasonable on cost of living
The index value fell mainly due to the introduction of Worldwide Governance Indicators.
European cities continue to dominate the list of world best cities to live in according to the Mercer 2012 Quality of Living Survey.
According to Mercer's Asia Pacific Diversity & Inclusion survey, over 90 per cent of the participants listed gender as the main focus of their diversity efforts in India.
Gender is the main focus of the diversity efforts of companies in India, said a survey by HR consulting firm Mercer. According to Mercer's Asia Pacific Diversity & Inclusion, over 90 per cent of the participants surveyed list gender as the main focus of their diversity efforts in India.
Asian executives are taking home fatter pay-cheques than their peers in Europe and by 2013, they will go past the earnings of American top brass as well, says global staffing consultancy Mercer.
Does your favourite city feature in the list? Find out.
Interestingly, the only Indian city to figure in the list is Kolkata, capital of West Bengal.
One in two companies is planning to increase headcount with hi-tech, shared services and life sciences leading the pack.
Corporate India is on the path to recovery after having been pummelled around in the global recessionary storm, with companies showing optimism on hiring and salary increases, says a joint Mercer-CII survey.
With hiring activity in the country expected to continue unabated, about 6-10 per cent of the total workforce of the firms may consist of new employees by the year-end, global HR consultancy Mercer has said.
At a time when the global job scenario is gloomy, India Inc is expected to increase salaries up to eight per cent this year with infrastructure and FMCG sectors likely to see the maximum hikes, global HR consultancy Mercer says.
More, half of all Indian companies plan to add employees over the next three months, states the Mercer India Monitor quarterly survey. Sector-wise, the survey shows pay increases in the pharmaceutical, consumer and manufacturing sectors have been in excess of 7 per cent.
India Inc is expected to witness an average eight per cent salary increase this year and as much as 50 per cent of companies have strong hiring plans for the next three months.
India is set to attract huge amount of inflows from global pension and endowment funds as the World Bank's private equity arm International Finance Corporation on Tuesday appointed Mercer, the world's largest fund adviser, to conduct an in-depth study on the Indian corporate sector.
Indian companies are likely to keep raising salaries by about 15 per cent a year until 2011 as skills shortages overshadow concerns about higher input costs, according to Mercer, the consultancy.
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Denmark has been rated as the country with the best retirement system in the world.
Vienna tops the charts among cities across the world.
Global software giant Microsoft has pipped domestic IT giant Infosys as the best company to work for in India, according to a new study released on Tuesday. Microsoft was followed by Mindtree Consulting, Johnson and Johnson and Sapient at second, third and fourth ranks. Infosys, India's second-biggest software exporter, topped the list in 2006 but slipped to fifth spot this year.
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