The Economic Survey 2025 said that the new labour laws represent a step in the right direction. With the introduction of flexible regulations, these laws could lead to growth for firms, creating more employment opportunities.
Former finance secretary Subhash Chandra Garg said that most possible pay hike could see the minimum salary double to a range between Rs 34,560 and Rs 37,440 per month
The Bengaluru-based company last implemented salary hikes in November 2023
Salary negotiation tips: While it may not be difficult to quote a figure when demanding a salary hike at a new job, one must deliberate on how to back up their demand and when they must take it down a notch if their demands are not met.
The approval was granted during a cabinet meeting chaired by Chief Minister Champai Soren
In a landscape where performance metrics and deadlines reign supreme, could the cosmos hold the key to unlocking professional success?
Reflecting on the gender distribution of queries, Astroyogi's data reveals a ratio of 70:30, with 70 percent of inquiries originating from men and 30 percent from women.
The ‘AmbitionBox Salary Increment Outlook 2024’ survey revealed that 44 percent of total respondents anticipate smaller pay raises for 2024 compared to the previous year, reflecting cautious sentiments due to economic uncertainties.
‘The Page Insights Salary Guide 2024’ revealed that while mid-level and senior employees may get 20-30 percent and 15-25 percent, respectively, juniors can secure a hike in the range of 25-40 percent.
TCS salary hike: In 2023, the IT firm gave pay hikes to the tune of 12-15 percent for 'exceptional performers'.
In light of India's position as a global hub for technology and outsourcing services, the report highlights that e-commerce is expected to have the highest salary growth in 2024, at 10.9 percent, followed by financial services with a projected growth of 10.1 percent.
In 2023, the average salary hike was 9.5 per cent, according to consultancy firm Mercer's Total Remuneration Survey (TRS) released on Tuesday.
Employees in the automobile, manufacturing & engineering and life sciences in India are projected to see the highest salary increment increases, highlighting the competitive nature of these sectors.
The survey reveals that the overall attrition rates fell from 21.4 percent in 2022 to 18.7 percent in 2023.
91 percent and 72 percent of respondents from India and Malaysia expect more than a 20 percent increase in their base salary while changing employers, according to the ‘Adecco India Salary Guide 2024’ report
It suggested that companies deferred salary increments or provided new stock grants in lieu of cash increments for leadership roles.
A remarkable 76 percent of employees expressed their openness to considering a job change based on the survey results for the fiscal year 2022-2023.
While it's easy to figure out why salaries are confidential, it’s tricky to understand why HR sometimes prefers to lose an employee and hire a replacement at a higher salary.
Globally, 83 percent of employees are anticipating a salary hike over the next 12 months, either from their existing employer or by moving jobs, a survey of over 32,000 workers in 17 countries has found.
While the Life Sciences sector is expected to witness the highest increments in 2023, the IT sector will likely witness a major drop in increments as compared to 2022.
Some of the most promising emerging sectors for jobs in India in 2023 include renewable energy, e-commerce, digital services, healthcare, telecommunications, educational services, retail and logistics, and financial technology.
Companies across sectors are focusing on keeping their employees happy with initiatives beyond monetary benefits.
The study was conducted between May 2022 and November 2022 involving 1,300 companies covering more than 6,000 jobs and over 17 lakh cumulative employee strength.
Moneycontrol interacted with a few experts to understand if it would be wise to demand an appraisal, the expectation a candidate should have from the managers, and how to justify self-assessments.