Higher salaries are going to go up unlike many parts of the world. Salaries in India are expected to increase by 10.3 percent in 2023 which is highest among major world economies.

India: Salary growth to continue despite economic volatility

Salaries in Indian companies are expected to increase by 10.3 per cent in 2023, according to Aon plc.&nbsp;According to a report quoting Aon Hewitt Global’s ‘Annual Salary Increase Survey’ in India, double-digit salary growth will continue in India despite economic instability, largely as a response to high attrition rates.

“Organisations are gradually prioritising their spends towards top performances, key talent and high potential talent,” said Pritish Gandhi, Aon Director &amp; India Practice Leader, Executive Compensation &amp; Governance.

ALSO READ:&nbsp;<a href="https://www.wionews.com/business-economy/wipro-slashes-pay-packages-of-freshers-waiting-to-join-by-as-much-as-50-564313">Wipro slashes pay packages of freshers waiting to join by as much as 50%</a>

According to the leading global professional services firm, strong business growth has led to higher proportion of population being assessed in higher tiers of performance. “Increments of top-performances are approximately four-times the increment of bottom performances (in companies which have given increments to both categories).&nbsp;Interestingly, almost 8 in 10 companies give 0 increment to bottom performances,” Gandhi said.

The study&nbsp;analysed data across 1,400 companies from more than 40 industries and&nbsp;noted that India continues to have the highest salary increases in the region and among major world economies.&nbsp;

Last year, the salaries in India Inc saw a rise of 10.6 per cent in 2022.

(With inputs from agencies)

You can now write for <a href="https://www.wionews.com/">wionews.com</a> and be a part of the community. Share your stories and opinions with us here.

WATCH WION LIVE HERE

<o:p></o:p>

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

Salaries in Indian companies are expected to increase by 10.3 per cent in 2023, according to Aon plc. According to a report quoting Aon Hewitt Global’s ‘Annual Salary Increase Survey’ in India, double-digit salary growth will continue in India despite economic instability, largely as a response to high attrition rates.

Salaries in Indian companies are expected to increase by 10.3 per cent in 2023, according to Aon plc. According to a report quoting Aon Hewitt Global’s ‘Annual Salary Increase Survey’ in India, double-digit salary growth will continue in India despite economic instability, largely as a response to high attrition rates. “Organisations are gradually prioritising their spends towards top performances, key talent and high potential talent,” said Pritish Gandhi, Aon Director & India Practice Leader, Executive Compensation & Governance. ALSO READ: Wipro slashes pay packages of freshers waiting to join by as much as 50% According to the leading global professional services firm, strong business growth has led to higher proportion of population being assessed in higher tiers of performance. “Increments of top-performances are approximately four-times the increment of bottom performances (in companies which have given increments to both categories). Interestingly, almost 8 in 10 companies give 0 increment to bottom performances,” Gandhi said. The study analysed data across 1,400 companies from more than 40 industries and noted that India continues to have the highest salary increases in the region and among major world economies. Last year, the salaries in India Inc saw a rise of 10.6 per cent in 2022. (With inputs from agencies) You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE

Indian employees likely to get double digit salary hikes in 2023, says survey

salary-growth

Salary Growth, News on Salary Growth, stories on Salary Growth, articles on Salary Growth, Salary Growth stories at Wion, Salary Growth news, Salary Growth latest news