Salaried class to carry home more with 9% hike, but engineers to lose out

Professional service firms flooded with work following GST rollout may loosen purse strings the most

Those expecting double-digit salary hikes in their annual appraisals are likely to be disappointed as Aon, a consulting firm, has projected average pay increases of about 9.4 per cent for 2018-19. The projection is close to the actual annual salary growth of 9.3 per cent in 2017-18.

“Companies in India handed out an average pay increase of 9.3 per cent during 2017, marking a departure from the double-digit increments since the inception of this study. 

The projections for 2018 are expected to be similar at 9.4 per cent, highlighting increasing prudence by companies while finalising pay budgets,” Aon said in its 22nd