Indian organizations are expected to increase salaries by 10 per cent across industries and career levels in 2017, same as last year, and 54 per cent of the companies are expected to raise their headcount, says a survey.
According to Mercer’s ‘2016 India Total Remuneration Survey’ released today, 10 per cent salary increase is expected across industries in 2017, similar to 2015 and 2016.
“Over the years, salary increase differentiation across industries has narrowed down. Over the last three years, salary increases have stabilised around 10 per cent,” Ruchika Pal, Principal & India TRS Product Leader, Mercer said, adding that “the overall increases including promotions and market corrections, are pegged at 10.8 per cent”.
mong different industries surveyed, the projected salary increase ranges from 10 per cent to 11 per cent overall, with relatively higher increases for the life sciences and shared services industries.
The survey that covered 768 organizations across various industry sectors noted that 13.3 per cent attrition had been recorded across sectors.
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