This financial year Indian firms will give 10-12% to 30% salary hikes according to the roles and designations of employees. As per the reports 2015 will be the best appraisal season for Indian workforce. Corporate India is following new strategies to retain and nurture manpower with the sentiment of improved economic sentiments and a recovering job market. Not only India, global wide there will be a turnaround and expecting that 2015 will be a great year for salary hike across the roles and sectors. Indian firms especially startup companies offering good pays with attractive benefits to retain their employees. The growing business opportunities in India have been created 3 to 5 lakh new job opportunities which accounts for 15-20% of the head count.
According to the study conducted by recruitment firm reveal that lower level to higher level employees in India are able to get good pay hikes for this year than last year. So this year management to lower level employees will be going to get highest comparative pay increase. Have a look on below projections made by the top HR experts and various other consultancies:
India inc. recorded an average hiring growth of 10-12% in 2014, while salary hikes stood at about 8-10%.
Indian economy is showing upward trend and experts predict that employers will offer double-digit salary hikes to attract the right talent.
Hiring growth will be upward in the sectors like IT, healthcare and pharma, manufacturing, engineering, retail, telecom, FMCG and financial services.
Most interesting fact is that pharmacy sector will be getting highest pay increase of 11.5%.
The financial services sector in India also expected to get 10% salary hike for the year 2015 which is same as in the year 2014.
Last year India’s high-tech sector offered 10.5% hike which is increased to 10.7% in 2015.