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Less than 10% pay hikes in 2017, India to be worst hit in Asia-PAC: Survey

The survey said India would be the worst hit among the Asia-Pacific countries

2017 to see greying of salaries across India
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Sahil MakkarPTI New Delhi
Increments in 2017 would be less than in 2016, an Aon Hewitt survey said on Wednesday. Raises have been declining since 2007.

“The survey projects a drop in pay increases to an average of 9.5 per cent across industries. While it’s a marginal decrease from the 2016 (10.5 per cent) spends, it reflects maturity that India Inc has displayed amid global and Indian economic and political events. This includes recent changes in the US government and the much-talked demonetisation,” the report said.

Aon Hewitt, the global talent, retirement and health business of Aon plc, conducted its 21st annual survey after