Salary hikes

Automakers take lead in FY24 salary hikes with double-digit raises

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Automakers take lead in FY24 salary hikes with double-digit raises

New Delhi: Automakers have taken the lead in salary increases among all sectors in India, handing out double-digit hikes to their employees for fiscal 2024 amid a robust growth in sales, a Deloitte survey shows. “Automotive OEMs are projecting the highest salary increments across all sectors in 2024, which is 100-140 basis points (or, 1-1.4 … Read more

Salary hikes likely to remain flat this year

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Salary hikes likely to remain flat this year

New Delhi: India Inc is likely to give employees an average salary hike of 9.5% in 2024, marginally lower than 9.7% in 2023, according to Aon, a global professional services firm. Three in four companies are likely to give a pay increase of more than 9% this year, according to Aon’s projections based on data … Read more