Salary Hike: One of the biggest challenges facing companies today is the lack of skilled professionals. Companies are focusing on upskilling and reskilling their employees.
Salary Hike: The month of March is ending today. With the start of April, the phase of increment will begin in companies. According to the EY report, the e-commerce sector is expected to have the highest salary increase in 2025, which will be more than 10 percent. According to the report, the rapid expansion of digital commerce, increased consumer spending and the increasing role of technology will be the reason for this. Given the huge demand for employees working in the e-commerce sector, companies will increase salaries the most. According to the report, the average salary increase in 2025 is estimated to be 9.4 percent, slightly lower than 9.6 percent in 2024. This indicates a slight slowdown in salary growth.
There will be good growth in these sectors too
Other key sectors such as automotive, pharmaceuticals, manufacturing and financial services will see good salary increases as these sectors continue to invest in their workforce, reinforcing India’s strong position in the global market. Despite a slight decline in salary increases, companies are committed to retaining talent and making competitive increments. The report states that companies are now prioritizing wellness programs, including physical and mental health. They are also expanding flexible and inclusive benefits to meet the changing expectations of the workforce. These efforts are aimed at creating a better work environment and increasing employee satisfaction.
Huge shortage of skilled professionals
One of the biggest challenges facing companies today is the shortage of skilled professionals. The report shows that despite a drop from 18.3 percent in 2023 to 17.5 percent in 2024, 80 percent of companies are struggling to find skilled employees. This problem is especially in high-demand industries such as IT and Energy. To solve this problem, companies are focusing on upskilling and reskilling their employees. Training programs are becoming essential to bridge the skill gap and ensure long-term employment. Businesses are also implementing various strategies to attract and retain employees.
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