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Salary Increase
Accenture has significantly expanded the number of employees receiving salary hikes, delivering the increase through a combination split equally between base pay and a one-time lump-sum payment in June, as it seeks to reward more staff while managing payroll amid the current macroeconomic environment. The global IT services major is taking a different approach for its primary June cycle this year, following a period of limited "stay-at-level" increases last year, according to an internal memo viewed by PTI. Under the new compensation structure, talent and group leads will determine an overall percentage increase for eligible employees, which will then be divided into two equal parts. For instance, if the talent lead decides to provide an individual a 3 per cent increase, that will result in a 1.5 per cent increase to base pay and a 1.5 per cent lump-sum payment. The company noted that this dual approach provides employees with immediate cash - a benefit many have expressed they val
Corporate India is likely to see salary increments in the range of 8.6 per cent to 10.2 per cent across industries this financial year, primarily driven by sustained demand for skilled and execution-focused talent, a report said on Tuesday. TeamLease Services' report, Jobs and Salaries Primer 2026-27, projects average salary increments of 8.6 per cent to 10.2 per cent, mainly led by high growth sectors including EV and EV Infrastructure, FinTech, Healthcare and Pharmaceuticals. "India's salary landscape in 2026-27 is becoming more differentiated and execution-led. Increment trends are increasingly being shaped by sector-specific growth and specialised skills. At the same time, compensation growth is no longer concentrated only in traditional metro markets. "Emerging cities are steadily strengthening their position in the talent economy, supported by industrial expansion, enterprise investments, and evolving business ecosystems," TeamLease Services Senior Vice President Balasubramani
Corporate India is expected to dole out average salary hike in the range of 6.2 per cent to 11.3 per cent this fiscal, as employers are reshaping their workforce strategies by focusing more on skill certification and incentive-led engagement, a report said on Tuesday. According to the TeamLease Services - Jobs and Salaries Primer 2025-?26 report, the average salary hikes is projected to be in the range between 6.2 per cent and 11.3 per cent across industries, while some role-level salary increments are expected to reach up to 13.8 per cent. "The projected salary growth, ranging from 6.2 per cent to 11.3 per cent, signals a broader realignment in India's job and wage landscape. As new-age industries scale rapidly, demand is shifting toward roles that combine technical capability with immediate business impact," TeamLease Services CEO - Staffing, Kartik Narayan said. The report, based on inputs from 1,308 businesses across 23 industries and 20 cities, noted that the highest salary ...
As Indian companies are focused on optimising compensation cost budgets while navigating global and local headwinds, the average increment is expected to be at 8.8 per cent in 2025, Deloitte India said in a report on Friday. Pay increases for 2025 are forecast at 8.8 per cent (compared with 9.0 per cent in 2024), Deloitte India's report - 'Deloitte India Talent Outlook 2025' - said, adding that 75 per cent of companies will either reduce or keep their pay increases the same as last year. Further, the report revealed that while most sectors will keep the increment growth stable or moderately lower than the previous year, the consumer products sector expects a significantly lower increment budget. "In an environment where companies are witnessing muted revenue growth, compensation budgets are naturally coming under pressure. Controlled attrition and moderate inflation are helping companies optimise pay increases without adversely affecting talent outcomes. However, we expect the focus
Refuting reports about the delayed salary hikes, IT firm Cognizant on Tuesday said there will be no delay in its cycle and merit increases for eligible employees will be rolled out in August. The New Jersey-headquartered firm, in a statement, said it will also be paying bonuses to eligible associates in mid-March. "Merit increases for eligible associates will be awarded in August, exactly one year after the prior cycle. In fact, with the August 2025 cycle, the majority of our associates will receive five merit increases within the past four years. There has been no delay in the merit cycle, and any claims to the contrary are incorrect," the company said. The company remains steadfast in its commitment to recognising the hard work and dedication of its associates through merit increases and bonuses, it added.