India: Corporate Pay to Rise 10-15% in 2011

March 2nd, 2011
in econ_news

India elephant Econintersect:  Corporations in India will pay to retain talent in 2011 (financial year 2012).  Estimates are that pay hikes  will generally fall in the 10% to 15% range.  The higher skills positions and leadership positions will benefit most.  These increases will be less than the nominal GDP growth expected in the coming year, which GEI News has reported to be 18% to 20% and above overall inflation which has been estimated to be about 7% in the current quarter, also reported by GEI News.

Follow up:

The average pay hikes may be in the lower part of the headline range.  From The Times of India:

"On the backdrop of improving global economic scenario and shortage of qualified people, talent war is back. However, there will be no extraordinary jump in increments in FY 12," Hindustan Coca Cola Beverages vice president (HR) P V Ramana Murthy said.

He said on an average the Indian corporates will hike salaries in the range of 11-12 per cent.

Sources:  The Times of India and GEI News here and here 

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