Average pay Hikes to Touch 10.7%: Survey

Average pay hikes to touch 10.7%: Survey

According to the annual compensation & benefits trends survey projected an average salary increase of 10.7 per cent this fiscal with junior management level employees set to get maximum pay hikes. This financial year there may be an increase in average salary as well as variable pay as compared last year. The survey projected that the pharma sector would see the highest projected average increment at 12.1 per cent whereas the lowest rise is anticipated in the retail sector at 9.4 per cent in FY 2015-16. The highest increment level at junior level at 11 percent .Nearly 250 organizations from 18 sectors participated in the survey.

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