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Firms to dole out 10 per cent average salary hike this year

Companies in India are expected to dole out an average of 10 per cent salary increase this year, with automobile, manufacturing and engineering sectors anticipated to witness the highest hikes, says a survey. In 2023, the average salary hike was 9.5 per cent, according to consultancy firm

Employees in these sectors may get highest pay rise this year, survey finds

The survey, conducted by HR consulting firm Mercer, covered 1474 companies, and over 6000 job roles.

Companies to dole out 10 pc average salary hike this year, says survey

India Inc to offer 10% salary increment this year: Mercer report

Employees in the automobile, manufacturing & engineering and life sciences in India are projected to see the highest salary increment increases, highlighting the competitive nature of these sectors.

Companies to dole out 10% average salary hike this year, says survey

In 2023, the average salary hike was 9.5 per cent, according to consultancy firm Mercer s Total Remuneration Survey (TRS) released on Tuesday.