In this week’s episode of TOI Business Bytes, we seek to answer these important questions – which sectors are likely to give the best hikes and which the worst? What will be the average increment percentage for India Inc this year? How will companies reward top performers?
How much salary hikes in India 2023?
Watch the video above to find out the average percentage hike expected in your field of work this year; e-Commerce, manufacturing, retail, Fast Moving Consumer Goods (FMCG), Technology Platform and Products, Fast Moving Consumer Durables (FMCD), Technology Consulting and Services, Professional Services, Financial Institutions, Global Capability Centers, Life Sciences and other services.
Roopank Chaudhary, Partner, Aon India & South Asia tells us how some sectors like hospitality and real estate are likely to see a strong recovery in salary hike trends this year. According to Roopank, in 2023 domestic facing sectors are likely to witness a strong growth whereas the salary hikes in external facing sectors such as IT may be marginally lower.
He also talks about the salary hike trends as per roles and management levels. Watch the video to know which roles are more rewarding this year and the average salary increment at various levels – junior, mid-management and senior management.
How to get a good salary increment?
In the video above, Roopank lists out the top things you should be discussing with your manager in this year’s appraisal. He advises against threatening employers and managers with better job offers in hand. Roopank feels that while the trend of negotiating salary increments during notice periods was a prevalent trend last year, in 2023 the same tactic may not work.
source
The post is published through a syndicated feed and attributed to Times Of India
