Source | economictimes.indiatimes.com | Prachi Verma, ET Bureau
India Inc employees have received average pay hikes upwards of 10% this year, suggests a survey, despite a tepid start to 2023 triggered by layoffs and an overall cautious approach by businesses.
At least six of every 10 employees have received increments in double digits, 10% and above, according to the survey conducted by Naukri.com for ET. A small percentage, mostly at entry level, got 20-25% hikes for exceptional performance.
More than 200,000 employees responded to this survey and 56% said their companies followed the April-March appraisal cycle.