India Inc doles out salary hikes ranging from average 10.3% to 14.1% for performers - February 21, 2013

HDFC, Ashok Leyland, ICICI, Shoppers Stop, LG and Dabur have decided to give out an average hike of 14.1% to top performers.

HDFC, Ashok Leyland, ICICI, Shoppers Stop, LG and Dabur have decided to give out an average hike of 14.1% to top performers. While on average the salary hike would be 10.3%. The gap between salary hikes is drastic in some cases, for instance Ashok Leyland’s hikes range from 25% to 10%. The 10% hike is the lowest in years and across countries. On an average salary hike in Pharma is 13.5%, in Automobiles is 11%, Manufacturing is 10.9%, in Banks and Financial Institutions is 8% and Life Insurance and Asset Management is 8.7% and 8.5% respectively.

Source: www.economictimes.com, February 20, 2013. “India Inc salary hikes in 2013 likely at 10.3%, lowest in decade: Aon Hewitt”

loading...