The Aon survey covered over 1,000 firms from more than 20 industries.
This appraisal season, employees would get a marginal increase as the Indian firms would give an average hike of 9.4 per cent, according to Aon 22nd Annual India Salary Increase Survey.
The Aon survey covered over 1,000 firms from more than 20 industries.
The focus on performance is getting increased by every year, the survey claimed.
A top performer is getting an average salary increase of 15.4 per cent, approximately 1.9 times the pay increase for an average performer.
Anandorup Ghose, Partner at Aon India Consulting, commented, “Despite an improvement in macroeconomic forecasts - salary increases remain at the same level as was projected in the last fiscal. With increasing maturity, HR budgets are being realigned towards top performers as opposed to the broader population.
"Performance linked incentives are losing their charm and it is becoming more about being at the top of the bell curve", Ghose said.
The survey further stated that with the increasing pressure on compensation budgets, rationalization of budgets has become the focus for HR and organizations.
The findings of the survey claimed that the salary increases for top performers is growing.
As far as the sectorial forecast is concerned, the survey said that sectors such as Professional Services, Consumer Internet Companies, Life Sciences, Automotive and Consumer Products would project a double-digit salary increase for 2018.
The survey also highlighted a constant downward trend in attrition rate in India as overall attrition has come down from an average of 20 per cent in the previous decade to 15.9 per cent in 2017.
Ghosh said that the reduction in attrition rate is caused by lack of available jobs and opportunities.
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 "Average increament will be 9.4% across India Inc, claims Aon survey")
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