21-Feb-2013
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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”