Salary Hike in 2025: This year, the salary of employees is estimated to increase 9.2%, who is more profitable?
New Delhi:
Salary Hike in India 2024: If you do a job, then there is important news for you. According to an Aon PLC study, the salary of employees working in India this year is expected to increase by 9.2% on an average. However, this is slightly lower than last year’s 9.3%.
Why will salary increase?
India’s stable economic condition is helping in increment. The salary is going to increase between strong economy. At the same time, there has been a decrease in the rate of leaving the job of employees in companies.
Why is the salary increase decreasing?
Companies are cautious due to global uncertainty and slow growth. At the same time, America’s trade policies, conflicts in West Asia and the rapid growing effects of AI and automation are also declining increment.
In this report of the study of 1,400 companies of 45 industries, it has been reported that the rate of leaving the job is decreasing, due to which the companies are not increasing the salary.
Which sector will benefit?
Sectors like IT, BFSI (Banking, Financial Services, and Insurance) and e-commerce are likely to increase salary.
Experts believe that in 2025, the increment in India will remain stable. However, there is a possibility of getting good increments in technology and high-skilled jobs.
