Pay Hike: Compared to 2024 .. This time the growth of Indian employees!

There is a possibility of falling on the salaries of employees by companies to overcome international and local negatives! According to a report, an increase in average wages between Indian companies will be reduced in 2024 compared to 2024. It is estimated that in 2024, it is expected to fall from 9 percent to 8.8 percent by 2025.

Employees’ salary increases ..!

According to a survey conducted by Deloite, companies have “clear attention” to optimize the compensatory cost budget in 2025. This increases less wages.

The audit company said that the average Indian growth, which is 8.8 %, is the lowest in the decade (except 2020–2021), the audit company said.

According to the Deloitte India Talent Out Look 2025 Survey, 75 percent of the companies will reduce their wages increase compared to the previous year, or maintain it.

The increment in this area is still low!

The delen report, stating that most of the areas are stable or lower than in the previous year, have explained that the increment in the sector of consumer products is still lower than the rest.

In particular, the consumer sector is badly killed because Indians make less purchases due to economic recession. These results are reflected in quarterly returns. Major companies have reported a decline in their profits, earnings and other parameters.

Who increases high wages?

The Deloite report states that companies can focus on maintaining major talent. Top artists can expect a growth of 1.7 times more than the average artists, which is slightly lower than the previous year.

The report believes that in individual contributors and junior management, employees may expect 1.3 times higher increment than the top management level.

Promotion and attraction ..

It is estimated that one of the companies involved in the survey will be given less promotion than last year. According to the report, the total amount of employees who are promoted are stable- 12 percent.

Many companies feel that according to the survey, there will be no promotion -advanced increment compared to the past.

According to the report, the attraction in 2024 increased to 17.4 %.

However, companies of all regions and sizes are still optimistic on appointments. About 80 percent of the companies are planning to increase the number of employees in the next financial year.