Aon's latest "Salary Increase Survey in India" has not only projected a 10.4 per cent average hike across sectors for 2023, but also identified actual hikes in 2022 at 10.6 per cent as against its previous projection of 9.9 per cent in February.
The figure of 10.6 per cent is the highest since 2012, whereas the 10.4 per cent levels projected for 2023 were last seen in 2015.
Nearly half of the companies (46 per cent) surveyed are expecting to give double-digit salary increments in 2023, with 76 per cent of them anticipating a significant improvement in business outlook for the year despite headwinds.
According to Roopank Chaudhary, partner, human capital solutions, at Aon in India, several sectors are returning to the pre-pandemic era of double-digit increments.
هذه القصة مأخوذة من طبعة September 27, 2022 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة September 27, 2022 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Manoj Bajpayee: A not-so-definitive biography
Bhiku Mhatre stays with you long after you have watched Ram Gopal Varma's 1998 classic, Satya.
FOREST FIRES SCORCHED 38,100 HA OF TREE COVER IN OVER 2 DECADES
The devastating forest fires in Uttarakhand, captured by satellite images, have brought widespread attention to the extensive destruction they have caused.
WhatsApp bans record 22 mn accounts in 01 '24
It had blocked 75 million Indian accounts between January and December 2023
T+1 SETTLEMENT REGIME FOR CUSTODIAN BANKS Capital market exposure norms revised
The Reserve Bank of India (RBI) has revised the guidelines for custodian banks to issue Irrevocable Payment Commitments (IPCS) in light of the T+1 settlement regime for stocks.
Tighter rules for project finance proposed
The Reserve Bank of India (RBI) on Friday proposed to set a floor for banks' loan exposure for project finance for consortium lending and mandated 5 per cent standard asset in the construction phase.
RBI allows standalone PDs to borrow in foreign currency
May access overdraft facilities in nostro accounts solely for operational use
Bajaj Finance stock likely to get a boost after RBI lifts restrictions
The Reserve Bank of India's (RBI's) decision to lift curbs on Bajaj Finance's two products earlier than expected sent the stock on a tear on Friday.
REC powers ahead on strong Q4 and healthy outlook
An improving NPA (non-performing asset) situation coupled with a higher loan disbursal has led to renewed interest in non-bank financier REC, which is the nodal agency for major central power programmes such as Revamped Distribution Scheme (RDSS), Saubhagya, DDUGJY, and Rooftop Solar (RTS).
FPIs domiciled at GIFT City allowed to issue P-notes
Move could boost issuance, drive flows into domestic mkts: Experts
Have some risk appetite? Invest in highly rated company FDs
While they offer higher returns than bank FDs, they are not protected by deposit insurance
