10% average salary hike in 2017 in India

New Delhi: Indian firms can supply 100 percent wage hike to their staff in 2017, the very best among all leading economies, Willis Towers Watson aforesaid in its wage projection report on Tuesday. Willis Towers Watson may be a leading consultatory, broking and business solutions company.

Compared to developed and key rising markets within the region, India’s 2017 projected wage will increase area unit the very best, followed by country at Sep 11, country at eight.9%, China at seven-membered and also the Philippines at half dozen.4%. Salaries in developed markets like the Australia and also the USA area unit projected to extend by third followed by the united kingdom wherever staff financial gain can grow by a pair of.9%, the report projected.

Among sectors, with a projected 11 November hike in wage, the pharmaceutical sector continues to be the highest payer followed by media (10.8%) and durables sector (10.5%). The projected increase within the technology sector for 2017 is probably going to be an equivalent because the previous year at 100 percent, an equivalent because the chemicals sector. In distinction, the monetary services sector can supply rock bottom wage hikes at eight.5%, a small indefinite quantity on top of 2016 once it offered eight.3% hike.