Professional service firms flooded with work following GST rollout may loosen purse strings the most
Salaries are projected to increase by 10 per cent in India in 2018, the highest in the Asia Pacific region, according to a report. The highest projected salary rise is seen in the energy, FMCG and retail sectors. "Salaries in India are projected to rise 10 per cent in 2018, same as the actual increase in 2017," according to the 'Q3 2017 Salary Budget Planning Report' released by global advisory, broking and solutions company Willis Towers Watson. The report covered a range of industries, including BPO, chemicals, construction & engineering, consumer products & retail, financial services, high tech, manufacturing, media, pharmaceutical & health sciences, business and technical consulting and transportation and logistics. For this, a survey was conducted in July among 4,000 respondents in Asia Pacific, in which about 300 companies participated in the India market. Although salaries in India are seeing a decreasing pattern in the year-on-year salary increases, ...
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The survey said India would be the worst hit among the Asia-Pacific countries
A report by Mercer has forecast a 10.8 per cent salary increase in India and 9.2 per cent in Vietnam in 2017
Employees of both the government and private sectors are suffering as the cash-strapped banks and offices cannot pay them
An MNC employee complained about banks not conforming to the rules about the withdrawal limit
China, Indonesia and Mexico had the largest real salary growth at 10.6%, 9.3% and 8.9%, respectively
E-commerce, life science sectors expected to hand out bigger pay packets
India continues to be a cost competitive labour market; Australia & Singapore are highest paying countries
Men earned a median gross hourly salary of Rs 288.68 per hour while females earned just Rs 207.85; manufacturing found to be the most unequal sector
Pune-based financial tech firm EarlySalary.com provides unsecured loans from Rs 10,000-Rs 1,00,000
Seeks details on commissions to distributors in revamp of disclosures
Information technology (IT) is the highest paid sector in India, with a median gross hourly salary of Rs 346.42, while manufacturing is the least paid at Rs 254.04 per hour, according to the Monster Salary Index (MSI) sectoral reports. The MSI reports for manufacturing, IT and banking, financial services and insurance (BFSI) sectors, released by online firm Monster India, however pointed out that only 57.4 per cent of IT professionals were satisfied with their salary.That employees in the manufacturing sector are paid about nine per cent less than the median salary for the entire Indian economy taken together (Rs 279.7/hr) is an eye-opener despite the government's focus towards the sector through its "Make in India" initiative.The findings show that in manufacturing, the salaries are very low irrespective of the education level, with the median hourly figure touching Rs 260.8 even for a postgraduate degree holder. Also, foreign-owned manufacturing companies pay nearly double of what In