Employees in India are expected to see a salary hike of 12.9 per cent this year, among the highest in the world, as industries are benefiting from the country's robust economic growth, according to Aon Hewitt. Aon Corporation completed the merger of Hewitt in October 2010.
Led by engineering services sector, the projected jump of 12.9 per cent in salaries for this year is higher than the actual increase of 11.7 per cent seen in 2010.
Global HR consultancy group Aon Hewitt said India was likely to see the highest pay hike in the Asia-Pacific region, followed by China (9 per cent) and Philippines (7 per cent).
“India's salary rise would also be among the highest in the world... companies are growing fast and demand is rising due to good economic growth,” Aon Hewitt's India Practice Leader (Compensation) Nitin Sethi told reporters here.
Among the sectors, engineering services are expected to witness the maximum hike of 14.4 per cent while it would be 14 per cent each in automotive and energy (oil/gas/power) segments.
Information technology and outsourcing (ITeS) sectors are projected to see a salary increase of 12 per cent and 11.9 per cent, respectively.
Going by the Aon Hewitt's annual salary increase survey, media industry would witness a hike of 13.4 per cent in 2011. — PTI