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| By Samudranil Mukherjee |
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Friday, March 05, 2010 (09:55:58) |
| Tags : India, Economy, Salary Raises, India Inc, Asia Pacific |
Salary hikes in India to be the maximum in the Asia-Pacific region |
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| New Delhi: In an encouraging sign for Indian economy as well as for the professionals double digit salary raises could be coming back in vogue. It is being assumed by India Inc that the employees would be getting a pay raise of 10.6% on an average in 2010. This is supposed to be the maximum in the Asia Pacific region. This has been confirmed by a survey that has been conducted by Hewitt Associates, a HR consultancy enterprise that operates on a global level. In 2009 the average increase in salaries in India was 6.6%.
It is expected that the domestic companies would be making the maximum contribution in this regard. The average pay hike in these business enterprises is expected to be 11.4% as opposed to 10.2% for the multinationals. Sectors such as energy, engineering, procurement and construction, telecommunications, automotive and pharmaceuticals would be offering the maximum rates expected to be in the region of 11.6% to 12.8% as per the survey.
The survey has also revealed that the rate of increase in outsourcing and technology sectors would be in the region of 8.5% to 8.9%. This would be signifying a cautious approach in spite of the significant recovery these sectors have staged in 2009. |
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