Tuesday, 21 February 2012

Indian employees to get 11.9% salary hike in 2012'

As per the survey conducted by global human resources consulting and outsourcing firm Aon Hewitt,
India would see the highest salary increase in the Asia Pacific region, followed by China 9.5%  and the Philippines 6.9% salary hikes. Among other Asia Pacific nations, Australia is likely to see a modest 4.6% hike, Hong Kong 5%, Japan 2.8%, Malaysia 6.2% and Singapore 4.8% respectively, in 2012.
In India, the general/entry level staff are likely to get 11.8% salary hike, while junior manager level will see 12.3%, middle management 12% and senior management 11.1% increase this year.
In terms of sectors, pharmaceutical space is likely to witness a 13.3% salary hike for 2012, followed by engineering design/services projects at 13%,Infrastructure with 12.9% and heavy engineering and FMCG sectors with 12.4% hike , Information Technology (IT) and outsourcing sectors would see salary hikes of 11.9% and 11.8%, respectively, despite the continuing concerns over the impact of a weak global economy.
Telecom and Financial Institutions are projected to see lowest salary increases for 2012 at 11% and 10%, respectively, plagued by various regulatory hurdles, policy issues and the slowdown in the global economy.

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