India – Employees set to receive average pay hike of 10.3% in 2017 (Times of India)

By memberservices@staffingindustry.com (Danny Romero)

Employees in India can expect pay hike of 10.3% on average across job roles in 2017, reports the Times of India, with data from the Hay Group division of Korn Ferry. “This year’s compensation study predicts the pay raise to be more or less the same or slightly higher than last year. The general market can expect the median salary increase and salary hike figure to stay between 10-11%,” Amer Haleem, Country Manager, Productized Services, Hay Group, said. High Technology is expected to see a pay rise of 12.1%, followed by the Oil & Gas sector at 10.7%, while the services sector is expected to see 9.7% this year, a decline from last year’s 10.8%. Furthermore, an increasing amount of pay rises are expected to be tied to individual performance levels this year.

Source:: India – Employees set to receive average pay hike of 10.3% in 2017 (Times of India)