India Inc may give 10.6 % salary hike in 2010: Hewitt

Tags: Hewitt, Salary, News
India Inc is expected to dole out the highest salary hike of 10.6 per

RELATED ARTICLES

cent in the Asia-Pacific region this year, riding on strong recovery in the economy and business sentiment, HR consultancy Hewitt Associates said.

As per Hewitt's annual Salary Increase Survey 2009-10, the double-digit hike in salaries are anticipated for this year led by sectors like telecom, engineering, pharma and energy.

"Salary increase for 2010 in India is projected to be 10.6 per cent, the highest in Asia Pacific and up 60 per cent from the actual increase of 6.6 per cent in 2009," the survey said.

"The economy has shown faster recovery in sectors relying on domestic consumption while recovery in those which have global dependence is expected to gain speed by mid 2010. This growth and fact that 2009 saw a lot of salary freeze and cuts, are providing an impetus for healthy increase in compensation for employees," Hewitt leader Performance and Rewards Consulting practice(India) Sandeep Chaudhary said here.

Indian owned companies are expected to outperform Multi National Companies (MNCs) with a projected average increase of 11.4 per cent as against a 10.2 per cent by latter in 2010.

The survey covered 465 companies across 20 primary industries in the country.

Other Asia Pacific countries including China, Japan, Singapore, Australia and Thailand are projected to get single digit salary hikes in the range of 2.1-6.7 per cent in 2010.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

FC NEWSLETTER

Stay informed on our latest news!

EDITORIAL OF THE DAY

  • Retail investors need to be drawn to bond trading

    A country requires both a healthy capital market and a liquid debt market for vibrant economic growth. India has had the first for a long time.

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schöttli

Japan’s living national treasures

While the world is fascinated by the economic “miracles” in ...

Robert Clements

Cherish good times and accept bad ones

Initially, I was angry and confused, I was even repentant…,” ...

Bubbles Sabharwal

Mothers just see things differently; they can’t help it

Before we begin on mothers, I have to share this ...