You may get 10.8 per cent pay hike this year

CHENNAI: The salary increase for employees in 2015 will perhaps be one of the best rewarding in recent years, owing to moderating inflation rates and a favourable economic climate, indicates a survey. India Inc is expected to dole out an average 10.8% salary increase in 2015, ahead of Indonesia at 9.5%, China at 8.6% and Philippines at 6.7%, according to the '2015-16 Asia-Pacific salary budget planning' report of Towers Watson, a global HR consulting firm. The survey forecasts the real salary increase (increase net of inflation) to grow from 3.3% to 5%.

A favourable economic sentiment, fall in inflation levels and oil prices, and increased affordability leading to aggressive salary budgets were key reasons, which places India as the front-runner among its APAC counterparts.

"With inflation tapering down in the current year, the real salary hike is set to increase even with the overall salary increase being in line with the average 10-11% increase seen in recent years," Sambhav Rakyan, data services practice leader, Asia-Pacific, at Towers Watson, told TOI.