Indian employees to get 11.9% salary hike in 2012: Survey
Employees in India are likely to get this year a salary increase of 11.9 per cent, putting the country on the top for tenth year in a row in terms of pay hikes within the Asia Pacific region, a survey showed today.
February 21, 2012 / 10:01 PM IST
Employees in India are likely to get this year a salary increase of 11.9%, putting the country on the top for tenth year in a row in terms of pay hikes within the Asia Pacific region, a survey showed today.
As per the survey conducted by global human resources consulting and outsourcing firm Aon Hewitt, the salary hikes for India in 2012 would decline marginally from 12.6% in 2011 due to a cautious approach by employers, but it would still figure among the highest in the world.
According to its annual India Salary Increase Survey released here today, the projected pay hikes in indicate a positive, yet cautious, outlook by the organisations amid an uncertain economic environment. India would see the highest salary increase in the Asia Pacific region, followed by China and the Philippines, which are likely to see 9.5% and 6.9% salary hikes, respectively, in 2012.
India has topped the list in terms of salary hikes for tenth consecutive year within Asia Pacific region. Among other Asia Pacific nations, Australia is likely to see a modest 4.6% hike, Hong Kong 5%, Japan 2.8%, Malaysia 6.2% and Singapore 4.8%.
"We are seeing encouraging signs in recent weeks on business sentiments," said Sandeep Chaudhary, Practice Leader, Compensation Consulting at Aon Hewitt. "While organizations across industries are keeping a keen and watchful eye on this oscillating macro-economic environment, the number reiterates that organizations are taking a long-term view on talent," he added.