Employees working at India Inc can expect an average pay hike of 9.7% for the year 2019, according to Aon, a professional services firm. A better outlook is based on companies expecting a positive economic outlook backed by high economic growth expectation, high domestic demand and low inflation. A decline in voluntary attrition and controlled incremental hiring continue to keep the sentiment mild.
For the last year 2018, the hike has been 9.5%. Aon today released the 23rd edition of its annual Salary Increase Survey in India. The study, the largest and the most comprehensive of its kind in India, analysed data across 1000+ companies from more than 20 industries