You may get 10.8% pay hike this year
The salary increase for employees in 2015 will perhaps be one of the best rewarding in recent years, owing to moderating inflation rates and a favourable economic climate, indicates a survey. India Inc is expected to dole out an average 10.8% salary increase in 2015, ahead of Indonesia at 9.5%, China at 8.6% and Philippines at 6.7%, according to the '2015-16 Asia-Pacific salary budget planning' report of Towers Watson, a global HR consulting firm. The survey forecasts the real salary increase (increase net of inflation) to grow from 3.3% to 5% Astrology market books
A favourable economic sentiment, fall in inflation levels and oil prices, and increased affordability leading to aggressive salary budgets were key reasons, which places India as the front-runner among its APAC counterparts.
"With inflation tapering down in the current year, the real salary hike is set to increase even with the overall salary increase being in line with the average 10-11% increase seen in recent years," Sambhav Rakyan, data services practice leader, Asia-Pacific, at Towers Watson, told TOI Jackpot Trading Tips
An analysis of Towers Watson's compensation surveys of previous years shows that, though overall salary increase was 10.5% in 2014, the real increase was only 3.3% due to 7.2% inflation. Similarly in 2013, the real salary increase was a paltry 0.3% even with an overall increase of 10.3%, since inflation then was 10% (the inflation figures are sourced from the Economist Intelligence Unit) Commodity Trading Tips
"While it's too early to predict increases for 2016, the general sense is that companies will budget in the same range as 2015 — perhaps the net increase will be a tad lower given the moderating inflation levels," Rakyan added.
Expecting emerging economies to zoom past developed regions, the survey said, "Mature markets will expectedly see lower increases with Hong Kong and Singapore both at 4.5% (each), Australia at 3.5% and Japan lowest at 2.5% Stock Market Trading Tips
A favourable economic sentiment, fall in inflation levels and oil prices, and increased affordability leading to aggressive salary budgets were key reasons, which places India as the front-runner among its APAC counterparts.
"With inflation tapering down in the current year, the real salary hike is set to increase even with the overall salary increase being in line with the average 10-11% increase seen in recent years," Sambhav Rakyan, data services practice leader, Asia-Pacific, at Towers Watson, told TOI Jackpot Trading Tips
The survey was conducted in February 2015. Around 2,000 responses were received from companies across 19 countries in the APAC region.
An analysis of Towers Watson's compensation surveys of previous years shows that, though overall salary increase was 10.5% in 2014, the real increase was only 3.3% due to 7.2% inflation. Similarly in 2013, the real salary increase was a paltry 0.3% even with an overall increase of 10.3%, since inflation then was 10% (the inflation figures are sourced from the Economist Intelligence Unit) Commodity Trading Tips
"While it's too early to predict increases for 2016, the general sense is that companies will budget in the same range as 2015 — perhaps the net increase will be a tad lower given the moderating inflation levels," Rakyan added.
Expecting emerging economies to zoom past developed regions, the survey said, "Mature markets will expectedly see lower increases with Hong Kong and Singapore both at 4.5% (each), Australia at 3.5% and Japan lowest at 2.5% Stock Market Trading Tips
posted by Naresh Jain @ 23:26
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