Salary Increment in 2025: In the year 2025, the salary increase in the software and business services sector is expected to be 9 percent, which is less than the general industry average of 9.5 percent. According to the report, the corporate sector is leading the country with a salary hike of 9.5 percent.
Salary Increment in 2025: After working hard all year, the most waiting for the job holder is his salary hike. As March 2025 is approaching, the curiosity of the salaried class about the salary increment is increasing. According to a report, companies in the country can offer a 9.5 percent hike to employees in the year 2025. An estimate has been made about this in a report. According to the new salary budget planning report of WTW, the average salary increment in the country is expected to be 9.5 percent in 2025. This is equal to the actual salary increase of 2024, which was 9.5 percent.
Salary hike expected to be higher than average
The medical sector is expected to have the highest salary hike of 10 percent next year, while the manufacturing sector is expected to have a 9.9 percent hike, the insurance sector 9.7 percent and retail 9.6 percent hike, which is likely to be higher than the average level. However, in the year 2025, the salary increase in the software and business services sector is expected to be 9 percent, which is less than the general industry average of 9.5 percent. According to the report, the corporate sector is leading the country with a salary hike of 9.5 percent.
How much will be the increment in which countries
Vietnam (7.6 percent), Indonesia (6.5 percent), Philippines (5.6 percent), China (five percent) and Thailand (five percent) are expected to lag behind India. This report is based on data collected by WTW’s Rewards Data Intelligence. This survey was conducted in April and June 2024. This report has been prepared on the basis of about 32,000 entries received from companies from 168 countries across the world. This survey also included 709 participants from India.
The era of large-scale resignations is over
Rajal Mathur, Advisor (Work and Remuneration) at WTW India, said, ‘Companies in India are showing caution along with being optimistic about growth. The era of large-scale resignations is now over. Now both employers and employees want stability and the market sentiment is stable.’ Mathur said that organizations are placing more emphasis on performance-based pay differentiation. According to this trend, top performers are likely to get three times the salary hike than average performing employees, while better than average employees are expected to get about 1.2 times the salary hike than average performers.
The report says that about 28 percent of companies are planning to make new recruitments in the next 12 months. However, the rate of voluntary attrition of employees remains high in this sector. The rate of attrition in India has gone up to 10.8 percent in 2024 from 11 percent in 2023. Apart from this, about 46 percent of companies in India expect that their salary hike budget for 2025 will be the same as that of 2024, while 28 percent of companies have expressed the possibility of it being less than the budget estimate.
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