India Inc may see average salary hike of 9.6% in 2024
Business Standard|March 07, 2024
India Inc may offer an average salary hike of 9.6 per cent in 2024, similar to the actual increase last year, according to a report released by global professional services provider Ernst & Young (EY) on Wednesday.
RAGHAV AGGARWA
India Inc may see average salary hike of 9.6% in 2024

The Future of Pay 2024' report states that the highest salary hikes are expected in e-commerce (10.9 per cent), financial services (10.1 per cent), and 10 per cent each in professional services and real estate.

The expected hike will be lower than the 10.4 per cent seen in 2022. In 2023, the highest salary hikes were seen in e-commerce (10.5 per cent), and 10.4 per cent both in auto/vehicle manufacturing and financial services.

The report highlighted that the fall in the quantum of salary hikes compared to 2022 was majorly due to the e-commerce sector and technology sub-sectors.

"In 2022, certain technology sub-sectors, like cloud platforms and consumer technology, experienced notable growth. However, there is a projected decrease across all technology subsectors by 2024, potentially due to market saturation following rapid digital transformation in previous years," it said.

この記事は Business Standard の March 07, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。

この記事は Business Standard の March 07, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。

BUSINESS STANDARDのその他の記事すべて表示
Fire at UP substation trips power supply to parts of Delhi
Business Standard

Fire at UP substation trips power supply to parts of Delhi

Outage disrupted day-one ceremony of several ministers

time-read
1 min  |
June 12, 2024
Business Standard

Digital platforms now a crucial pillar for FMCGs to advertise

Digital platforms are a crucial pillar in driving brand imagery, equity, and higher return on investment across categories in the fast-moving consumer goods space, according to a report by Nielsen and Kantar.

time-read
1 min  |
June 12, 2024
Business Standard

Indian varsities can now offer admission twice a year: UGC

Indian universities and higher education institutions will now be allowed to offer admissions twice a year on lines of foreign universities with the University Grants Commission (UGC) giving a go ahead to the plan, UGC chief Jagadesh Kumar said.

time-read
1 min  |
June 12, 2024
Business Standard

SC seeks Centre, NTA reply on fresh NEET-UG exam plea

The Supreme Court on Tuesday sought the response of the Centre and the National Testing Agency on a plea seeking fresh conduct of medical entrance exam NEET-UG, 2024, on the grounds of alleged question paper leak and other malpractices.

time-read
1 min  |
June 12, 2024
IT'S MINNOW OR NEVER
Business Standard

IT'S MINNOW OR NEVER

USA's win over Pakistan in the T20 World Cup comes as the icing on a surge of smaller cricket playing nations. Now, how about a dose of Karl Marx?

time-read
5 分  |
June 12, 2024
Hopes of good rains, crop prices fuel rally
Business Standard

Hopes of good rains, crop prices fuel rally

The stocks of agrochemical companies have seen a rally ☐ over the past week on expectations that favourable monsoon, higher crop prices and measures taken by the government to boost rural economy would aid the sector.

time-read
2 分  |
June 12, 2024
Business Standard

Sensex, Nifty settle flat amid volatile trade

Benchmark equity indices Sensex and Nifty ended almost flat on Tuesday after a recordbreaking rally as investors preferred to remain on the sidelines awaiting further triggers.

time-read
1 min  |
June 12, 2024
Business Standard

IndiGo sells stake to scale up hospitality business: IGE

Rahul Bhatia-owned InterGlobe Enterprises (IGE) on Tuesday said it sold a 2 per cent stake in InterGlobe Aviation via a block deal to raise funds for scaling up its hospitality business and other incubating ventures.

time-read
1 min  |
June 12, 2024
Business Standard

Gains for Bata hinge on recovery hopes, rising premium portfolio

The stock of footwear major Bata India has been the highest gainer among larger listed footwear companies since the start of the month on expectations of a recovery in the value segment, new launches and measures by the new government to boost consumption.

time-read
2 分  |
June 12, 2024
INDIA INC'S PROFIT-TO-GDP RATIO AT 15-YEAR HIGH
Business Standard

INDIA INC'S PROFIT-TO-GDP RATIO AT 15-YEAR HIGH

India Inc's profit as a percentage of gross domestic product (GDP) has risen to a 15year high led by improvement in the bottom line of financials, energy and automobile companies.

time-read
1 min  |
June 12, 2024