Employees across sectors may get “a decent enough” hike, compared with the last year in 2013.
An average 6-10% hike, that can even go up to 12-15% for top performers, can be expected by employees across sectors. This would be specially true for those working in the IT, telecom, healthcare, life sciences, FMCG, retail and financial sectors.
“While sectors like auto and manufacturing will be grim on account of fall in sales and poor buying sentiment, people working in sectors like IT, banking, telecom, can expect some good increases,” says Kris Lakshmikanth, co-founder and CEO of HeadHunters India.
Sunil Goel, director at search firm GlobalHunt India, said the average hikes would be in 10-12% range, with good performers getting 15-17%. “Companies are positive that the scenario is improving and will look at rewarding deserving candidates,” said Goel.