Salary Hike: According to a recent survey, it is being said that the salary in the country is expected to increase by 9.5 percent this year.Â
This is slightly less than the average salary increment of 9.7 percent for 2023… Let us tell you that in the survey, data of 1,414 companies from about 45 industries was analyzed.
Salary Hike in 2024: It has become clear from a survey that the salary in the country is expected to increase by 9.5 percent this year. This is slightly less than the average salary increment of 9.7 percent for 2023. This fact has come to light from a survey.
According to the annual Salary Increase and Business Survey 2023-24 of global professional services company Aon PLC in India, after a good salary hike in 2022 after the global pandemic, the salary increase in the country will be one point i.e. 10 percent. Has stabilized at less than.
Strong growth in infrastructure sector-
In the survey, data of 1,414 companies from about 45 industries was analyzed. Rupank Chaudhary, partner and chief commercial officer, talent solutions at Aon in India, said, ‘The projected increase in wages in India’s organized sector signals a strategic adjustment in the face of the emerging economic scenario.’ He said, ‘Sectors like infrastructure and manufacturing. The growth is strong. This indicates the need for targeted investment in some areas.
Amidst geopolitical tension, the highest wage increase among major economies continues in India. After this, the average salary increase in Bangladesh and Indonesia in 2024 is 7.3 percent and 6.5 percent respectively.
The survey revealed that the attrition rate fell from 21.4 percent in 2022 to 18.7 percent in 2023. Financial institutions, engineering, automotive and life sciences are likely to offer the highest salary increases, while retail and technology consulting and services are expected to offer the lowest salary increases.
