Average salary in India is likely to increase by this much in 2020: Survey
A recently held survey reveals that India could see the highest average salary hike in the Asia Pacific region by 10 per cent. Sector-wise, the energy sector, financial services and consumer products sector could see the highest salary growth.
By ET Bureau |
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Consumer products sectors could see a hike of 9.9% in salaries in 2020.
Energy sector could witness the steepest year-on-year growth, reveals a survey by Willis Towers Watson.
Projected rise highest in Asia Pacific *Figures are projected salary increase in 2020
22% - Companies that are likely to increase headcount in 2020, compared with 29% last year. Those planning to maintain current headcount rose to 70% from 63%, while those planning to slash staff strength came down to 7% from 8% last year.
Highest salary growth in energy sector 10.1% Median salary increase at the executive level for 2020, an increase from 9.6% in 2019.
28% - Companies that projected a positive business revenue outlook for the next 12 months, down from 37% in 2018.
Source: Q3 2019 Salary Budget Planning Report by Willis Towers Watson. The survey was conducted among 1,128 companies across 20 markets in Asia Pacific, including 337 from India.
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