Professionals expect moderate pay hikes this year: poll

46% senior professionals expect increments ranging between 6-15%

Professionals are forecasting moderate pay raises during the annual appraisal cycle this year, with 46% of respondents expecting increments to range between 6% and 15% as per a snap poll conducted by online executive job search platform HeadHonchos.com.

While nearly one-fifth or 19% of the respondents who participated in the HeadHonchos’ Poll expect salary increments of over 15% this year, about 36% believe that they will not receive increments at all or that salary increases will be less than 5% in their organisations.
 
Uday Sodhi, CEO, HeadHonchos.com said, "Appraisals are a highly anticipated event amongst professionals. While as a rule those who deserve good salary hikes will get them, employers have adapted to the changing business environment. The focus for most employers continues to be on performance-linked reward & recognition systems, often through compensation packages that have a high variable component."
 
The poll showed that this is in keeping with trends in recent years that have seen increments in the 11-13% band, as well as the growing importance of variable pay and performance-linked bonuses. It said that while high performers continue to be valued, organizations have balanced the need to incentivise employees with growing pragmatism.

* The results in the chart are based on a snap poll of over 230 professionals