Wednesday, February 20, 2008
Average salary hike in 2008: 15%
The 12th annual salary survey by Hewitt Associates predicts a 15% salary hike for employees in India.
According to Hewitt, in 2007, salaries in India rose the fastest anywhere in the world, by 15.1%. China reported a more moderate rise of 8.6%. Salaries in India had risen 14.4% in 2006 and 14.1% in 2005.
Real estate, energy, retail and telecom will see much fatter hikes - thanks to the boom in these sectors and scarcity of talent.
Of course, those not content with the 15% hike will be looking to switch jobs, resulting in 30-50% hikes... But it's best to wait till March 31, get an enhanced payslip and then bargain for more with the new employer.
Yep, such is life!
According to Hewitt, in 2007, salaries in India rose the fastest anywhere in the world, by 15.1%. China reported a more moderate rise of 8.6%. Salaries in India had risen 14.4% in 2006 and 14.1% in 2005.
Real estate, energy, retail and telecom will see much fatter hikes - thanks to the boom in these sectors and scarcity of talent.
Of course, those not content with the 15% hike will be looking to switch jobs, resulting in 30-50% hikes... But it's best to wait till March 31, get an enhanced payslip and then bargain for more with the new employer.
Yep, such is life!
Labels: salaries
# posted by Rashmi Bansal @ 12:04 PM 
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what about us? IT sector?
If we can get 15% hike this year too, I would be pleased!
Hoping for the best!!!
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If we can get 15% hike this year too, I would be pleased!
Hoping for the best!!!
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