Salary Increase

China is projected to see a salary hike of 6%, Vietnam at 8%, Indonesia at 7%, Hong Kong at 4% and Singapore at 4% in 2023

Of the 1,400 companies surveyed across 40 industries, 46% of organisations are expected to give double-digit salary increases in 2023

The indefinite strike by 'Asha' workers in Jharkhand entered the third day on Wednesday as they stuck to their charter of demands, including a hike in their remuneration. Health services, such as immunisation, antenatal and post-natal check-ups in rural areas, have been adversely impacted as more than 42,000 Accredited Social Health Activists (Ashas) joined the agitation, an official said. Sahiyas, who help mobilise the community and facilitate access to health and health-related services in rural areas, warned of intensifying the stir if their demands are not met. The 'Asha' workers have been staging demonstrations at primary and community health centres of the state and participated in rallies at block levels. Jharkhand Pradesh Swasthya Sahiya Sangh (JPSSS) secretary Maya Singh said, We will not have any alternative option but to intensify the agitation if no one pays attention to our demands." She said the association has been demanding that the remuneration be increased to at

Overall salary increases in the US will be above 4.2% this year

The changes come at a time when the industry is seeing demand constraints from its majority market and budgets are under pressure and deals are taking time to close

Some of the sectors which have been included in the survey are- financial services, banking, and technology, media and gaming

The remuneration of directors of hotel companies, like IHCL and EIH Ltd, has seen a rise between 8 and 250 per cent in FY22 year-on-year (YoY)

Delhi lawmakers just gave themselves a salary hike, joining counterparts in widening the gap with their voters' income

Total compensation of L&T's executive directors (including Subrahmanyan) in FY22 was 120 to 670 times the median remuneration of the company's employees, data from its FY22 annual report shows

The AAP government has increased the salary of its MLAs from Rs 12,000 to Rs 30,000 per month

Among sectors witnessing higher increment levels, firms agree that IT, healthcare and e-commerce lead the way

According to leading global professional services firm Aon's 26th Salary Increase Survey in India, organizations across industries project a 9.9% salary increase in 2022, compared to 9.3% in 2021

Early estimates peg the increase higher than 8% in 2021, 4.4% in 2020

E-com, venture capital-backed firms to give best raise at 10.1%: Aon survey

Companies doled out an average salary increment of 3.6 per cent in the current fiscal compared to 8.6 per cent in the previous financial year amid the coronavirus pandemic, according to a survey. The survey by leading consultancy Deloitte Touche Tohmatsu India LLP showed that timing and potential impact of COVID-19 were the two most important factors that affected increments in 2020-21. "Organisations that had already decided their increments before the start of the lockdown in March 2020 have given a higher increment compared with others. Moreover, organisations expecting a decline of more than 20 per cent in revenue in FY 2020-21 due to COVID-19 have given much lower increments," the survey released on Monday said. A nationwide lockdown was imposed from March 25 to curb the spreading of coronavirus infections and in late May, authorities started to relax the restrictions. However, various restrictions continue in some states in the wake of rising number of coronavirus cases. ...

Average pay, however, was up a marginal 6%; over 50 recruiters participated, 36 of whom were first time

As the economy continues to falter, salaries in India are projected to rise 10 per cent in 2020, says a report. In 2019, the effective wage increase was 9.9 per cent which is projected to touch 10 per cent next year. While salary increases are stabilising around the 10 per cent mark, they remain the highest in the Asia Pacific region, according to the Salary Budget Planning report released by Willis Towers Watson. Indonesia is projected at 8 per cent, China at 6.5 per cent, Philippines at 6 per cent, Hong Kong and Singapore both at 4 per cent. "Though salary increases in India continue to be among the highest in the region, companies are taking a cautious approach and do not intend to make any significant changes from previous years," Willis Towers Watson India consulting leader (talent & rewards), Rajul Mathur, said. Companies are beginning to make selective skill-based compensation adjustments to cater to requirements around automation and digitisation, he ...