New Delhi: Indian employers are expected to shell out an average salary hike of 10.8 % to their staff in 2016 despite being less upbeat on the business outlook, but inflation will end up eroding much of the increments, says a Towers Watson report.
The projected higher overall salary increases are despite the fact that around 58% employers in the third quarter are less upbeat on the business outlook for India than they were in the first quarter, the report said. Sector-wise, the energy sector has the highest actual projected salary increase in 2016 at 11.5%, followed by the high tech sector at 10.7%. While for the financial services sector, which has traditionally seen higher pay increases, it would be a modest 10.4%.
