Mercer

The highest salary hikes are expected in the high-tech industry in 2023, followed by the Software Service Outsourcing (SSO) industry

According to Mercer's 2022 Cost of Living survey, Mumbai (127) is the most costly city in India in terms of both living expenses and accommodation costs

Respondents in survey say it imperative the HR team structures short- and long-term incentive plans to ensure the incentives are aspirational, sizeable, fair and simple, while also being achievable

The Indian pension system ranked 40th on overall index ranking out of 43 systems, and had the lowest rank in the adequacy sub-index, according to a study

Besides Mumbai, which fell 18 notches from last year in the ranking, four other Indian cities featured on the list of most expensive cities globally

New York is used as the base city and all cities are compared against it

Out of 209 global cities, Hong Kong is the most expensive for expats, says the same survey