Only five sectors such as consumer internet companies, professional services, life sciences, automotive and consumer products are projecting double-digit increment.
The salaries of India's blue- and grey-collar workforce have increased by 23 per cent over the past two years, reflecting the growing demand and opportunities for the skilled workforce, a report said on Tuesday.
According to experts in the private equity space in the country, top PE professionals, who draw huge eight-digit salaries at the top levels, have suffered a cut back in their remuneration. Another expert, who tracks the private equity space, said salaries of senior PE professionals had definitely taken a hit due to the fall in deal flows as the bonuses given to them are based on deals and exits from an investment.
President Pratibha Patil has approved the law giving her a 300 per cent hike in salary taking her monthly pay cheque to Rs 150,000 from Rs 50,000 per month in the New Year.
Political observers said the announcement assumes significance as the state prepares for the assembly elections, with political parties stepping up outreach to various community groups.
Across all industries in India, almost 87 per cent of respondents plan to allocate a larger portion of their budget to high performers
Niyo is also offering bonuses and ESOPs, taking the total stock grants to over Rs 100 crore for all eligible employees.
Salary budgets in APAC region are set to rise 6.8 per cent in 2016.
President Pratibha Patil has approved the law giving her a three-fold hike in salary taking her pay cheque to Rs 1.5 lakh from Rs 50,000 per month in the New Year.
Households should moderate large discretionary expenses for the time being.
'They should prioritise essential spending. They should maintain an emergency fund covering 6 to 12 months of expenses.'
The purge in Washington does not pause the war. Strikes continue, Hormuz remains closed, and Brent crude is still dancing around $109 a barrel. For India, the command chaos in the Pentagon is another layer of uncertainty piled on five weeks of conflict that was already straining every buffer Delhi has.
Employees in the pharmaceutical sector can expect an average pay hike of 13 per cent in the 2010-11 fiscal amid robust business growth in the space, according to HR services provider Ma Foi Randstad.
India is expected to see the highest salary increases among nations in the Asia-Pacific region, of around 10.8 per cent this year, due to the huge demand for talent in the country, despite the global economic crisis severely impacting overall wage increments in the region, a study says.
CA Sumeet Mehta analyses the Union Budget 2026-2027, identifying key positives and negatives.
The Delhi government on Wednesday approved a proposal seeking a hike in the salaries of members of legislative assembly and ministers by up to 300 percent, citing inflation and increased cost of living in the capital, three months after the Centre rejected a similar request. A meeting of the Delhi Cabinet presided by Chief Minister Sheila Dikshit cleared the proposal, which will now be sent to the home ministry for approval.
Employees in India will see their salaries increase by an average of 10.9 per cent in 2015, but high inflation will end up eroding much of their wages, says a report.
Infosys has reportedly decided to defer salary hikes for all its employees below the senior management level that are otherwise rolled out from April every year. According to a Moneycontrol report, multiple employees have confirmed that they have not received their pay hike due for the June quarter.
If your salary structure is heavy on reimbursements, it will increase your net salary and reduce the tax burden.
The projected average hike in compensation is much lower than the double-digit increase -- around 11 per cent -- seen in the previous year.
Overall, it has projected a 10.3% salary rise for India Inc in 2016 compared to 10.6% in 2015.
A sector-wise analysis of appraisal expectations reveals that the highest appraisal sentiment is being carried by professionals the banking, financial services and insurance and BPO/BPO/ITES sectors with over 35 per cent expecting over 20 per cent hikes.
Most major carriers -- barring Deccan (which has a August-September financial year) and Kingfisher airlines -- do not agree on the figure. Hitesh Patel, executive vice-president, Kingfisher, said, "We have not yet decided on our increments but will follow the industry benchmarks."
India Inc will see single-digit salary increases for the first time in six years and the salary increase projections may fall even further in the coming months, says a report by HR consultants Hewitt Associates.
"The general benchmark that we are getting to hear is in the range of 5-15 per cent. Clearly, the 30-40 per cent hike days are behind us. Along with the slowdown in the US markets, there is a general mismatch in demand and supply. I think firms are being cautious before announcing huge hikes," says Shiv Aggarwal, CEO of ABC Consultants.
Banerjee, however, didn't give a breakup of the actual salaries of the lawmakers after the hike including all allowances and extra pay as members of the various standing committees.
After considering the increase proposed in allowances, the hike in remunerations comes to 23.55 per cent.
According to the TeamLease's Salary Primer for 2013, hiring will increase going forward and salaries too will see an upward movement across most industries.
Reflecting the growth expectations of 5 per cent, India Inc has projected an average salary increase of 10.3 per cent for 2013, says the Aon Hewitt Annual Salary Increase Survey.
Employee costs for Indian IT services players have touched an all-time high as salaries soar in their effort to retain talent. Engineer salaries are going through the roof. According to a news report, Infosys, which reported a 27.7 per cent attrition rate for the fourth quarter of FY22, plans to have an average salary hike of 12-13 per cent. High potential employees will get increases of 22-23 per cent.
Amid economic sluggishness, employees in the country have a reason to smile as a survey has predicted up to 12 per cent pay hikes in the New Year.
Tata Consultancy Services (TCS), India's largest information technology services firm, has decided to revise the monthly salary of Chief Executive Officer (CEO) and Managing Director N Chandrasekaran by half to Rs 15 lakh.
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
It is a slight improvement over last year.
Infosys Technologies beat its own revenue guidance with better-than-expected second quarter (July-October) results, indicating an overall improvement in business and demand.
The employees called off the strike following government's assurance of a salary hike
The IT major will give an anniversary hike for lateral hires as they complete a year at the company. And, these employees were entitled to the annual salary revision that followed the anniversary hikes.
Led by engineering services sector, the projected jump of 12.9 per cent in salaries for this year is higher than the actual increase of 11.7 per cent seen in 2010.
