'India to see 8.2 pc rise in salaries'

Posted By: Staff
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Bangalore, Feb 20: Giving some respite to Indian employees, a survey predicts that amid global recession, pink slips and layoffs, salaries are set to grow. The latest survey by Hewitt, a HR consultancy firm projects that salaries would continue to rise at an average of 8.2 pc in 2009, though it is far less from the fore-casted 13.3 pc of Hewitt's 2008 survey.

Further the survey says that India is one of the safest options for employment as only 16 pc of the Indian companies are considering layoffs as an option as to the 55 pc of the US companies and 30.6 pc of the Chinese companies. Also the Hewitt survey projects that about 60 pc companies are still thinking of hiring new employees. 9 out of 10 companies are also giving promotions to the right candidates.

Sandeep Chaudhary, the Business leader at Hewitt said, "I think organisations are going to be far more strategic in the way they provide salary increases across levels of management and definitely more stringent in the way they evaluate performance to increase salaries."

While junior managerial employees can expect a maximum salary hike of 8.8 pc against 14.3 pc, the top management can expect a relatively low growth of 7.4 pc against 12.4 pc growth registered in 2008.

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