Source | https://timesofindia.indiatimes.com : By Namrata Singh
MUMBAI: Organizations are expecting to increase salaries by 10% across industries and career levels in 2018, according to Mercer’s latest India total remuneration survey.
As per the survey, 55% of these companies are expecting to increase their headcount. The comprehensive survey represents 791 organizations across various industry sectors. Among different industries surveyed, the projected salaryincrease ranges from 9% to 10% overall.
Shanthi Naresh, India business leader, talent consulting and information solutions, Mercer, said: “Indian industry continues to project low double digit increases, driven by a combination of an optimistic economic environment and a scarcity of the right talent. Though cross industry ranges have narrowed down to within a 1% point, we are witnessing more pronounced sub-segment differences within industries.”