139th Day Of Lockdown

Maharashtra51533235171017757 Tamil Nadu2969012386384927 Andhra Pradesh2278601387122036 Karnataka178087939083198 Delhi1454271305874111 Uttar Pradesh122609726502069 West Bengal95554671202059 Bihar7972051315429 Telangana7949555999627 Gujarat71064542382652 Assam5883842326145 Rajasthan5249738235789 Odisha4592731785321 Haryana4163534781483 Madhya Pradesh3902529020996 Kerala3433121832109 Jammu and Kashmir2489717003472 Punjab2390315319586 Jharkhand185168998177 Chhatisgarh12148880996 Uttarakhand96326134125 Goa871259575 Tripura6161417641 Puducherry5382320187 Manipur3752204411 Himachal Pradesh3371218114 Nagaland27819048 Arunachal Pradesh215514823 Chandigarh151590425 Meghalaya10624906 Sikkim8664971 Mizoram6082980
Business Other News 03 Dec 2019 Salary growth to cra ...

Salary growth to crawl in 2020

DECCAN CHRONICLE. | SANGEETHA G
Published Dec 3, 2019, 1:48 am IST
Updated Dec 3, 2019, 1:48 am IST
Among the high growth countries, Egypt’s salaries are expected to increase by 13.5 per cent and a 6.6 per cent real-wage increase.
The salary growth in India is expected to be 9.2 per cent in 2020. At the fag end of last year, Korn Ferry had predicted 10 per cent salary growth for 2019. However, the inflation-adjusted real wage rise for India will remain at 5 per cent this year as well.
 The salary growth in India is expected to be 9.2 per cent in 2020. At the fag end of last year, Korn Ferry had predicted 10 per cent salary growth for 2019. However, the inflation-adjusted real wage rise for India will remain at 5 per cent this year as well.

Chennai: There is nothing much in store for employees even in 2020. The salary growth in the coming year is expected to be slower than this year. Moreover, the increments will be largely uneven—average performers witnessing a slower growth compared to high performers, finds Korn Ferry Global Salary Forecast.

The salary growth in India is expected to be 9.2 per cent in 2020. At the fag end of last year, Korn Ferry had predicted 10 per cent salary growth for 2019. However, the inflation-adjusted real wage rise for India will remain at 5 per cent this year as well.

 

“With current economic scenario and progressive reforms by the government, there is a sense of cautious optimism across sectors in India that continues to show high salary increments,” said Navnit Singh, Chairman and Regional Managing Director of Korn Ferry India.

Among the high growth countries, Egypt’s salaries are expected to increase by 13.5 per cent and a 6.6 per cent real-wage increase. In Asia, India‘s salary growth is the highest. Indonesia is forecast to have a salary growth of 8.1 per cent, whereas, Malaysia, China and Korea is expected to have a salary growth of 5 per cent, 6 per cent and 4.1 per cent respectively.

 

India will continue to see salaries growing unevenly bet-ween high performers and average performers. “In line with slower and lower increments across the board, companies will continue to differentiate their top performers, high potentials and critical talent sharply,” said Roopank Chaudh-ary, Associate Client Partner–Korn Ferry India.

...




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT