The 10 Indian industries where salary hike will be highest in 2019
Aon Salary Increase Survey 2019: The average salary hike across different industries in India could be around 9.7% this year, which is 0.2% more than the last year's projection of 9.5%
Aon Salary Increase Survey 2019: The average salary hike across different industries in India could be around 9.7% this year, which is 0.2% more than the last year's projection of 9.5%, says Aon Salary Increase Survey 2019. The report of the survey was released early this month. The survey analysed data across over 1000 companies from over 20 industries. "As per the results of the survey, companies in India gave an average pay increase of 9.5% during 2018, reflecting improved business sentiment compared to 2017," the survey report said.
"The projections for 2019 are stable yet favourable at 9.7% as companies expect a positive economic outlook backed by high economic growth expectation, high domestic demand and low inflation. A decline in voluntary attrition and controlled incremental hiring continue to keep the sentiment mild," it added.
The salary increase survey also projected the industries where salary hikes would be highest this year. These are:
1. Consumer internet companies: 11.1%
2. Professional services: 11.1%
3. Automotive: 10.1%
4. Consumer products: 10.1%
5. Life sciences: 10.1%
*Source: Aon salary increase survey
6. Hi-Tech: 9.9%
7. ITeS, Retail, Chemicals: 9.8%
8. Engineering manufacturing
9. Entertainment/communication: 9.5%
10. Hospitality/restaurants: 9.5%
Commenting on the salary increase survey report, Anandorup Ghose, Partner and Head Emerging Markets, said, “Pay increases are marginally positive compared to earlier years – a big highlight is the reducing difference in pay increases across industries year on year. A lot of the pay increase decline is also reflected in the constant drop in voluntary attrition levels across industries.”
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Tamil Nadu Weather Alert: Chennai may receive heavy rains; IMD issues yellow & orange alerts in these districts
SIP vs PPF: How much corpus you can build in 15 years by investing Rs 1.5 lakh per year? Understand through calculations
SIP+SWP: Rs 10,000 monthly SIP for 20 years, Rs 25 lakh lump sum investment, then Rs 2.15 lakh monthly income for 25 years; see expert calculations
Top 7 Mutual Funds With Highest Returns in 10 Years: Rs 10 lakh investment in No 1 scheme has turned into Rs 79,46,160 in 10 years
SBI Senior Citizen Latest FD Rates: What senior citizens can get on Rs 7 lakh, Rs 14 lakh, and Rs 21 lakh investments in Amrit Vrishti, 1-, 3-, and 5-year fixed deposits
Retirement Planning: Investment Rs 20 lakh, retirement corpus goal Rs 3.40 crore; know how you can achieve it
08:02 PM IST