By | By Saumya Bhattacharya & Prachi Verma, ET Bureau |
NEW DELHI: Startups will lead the way with biggest pay hikes this appraisal season, with big, established employers projected to give out lower increments.
Average increments at startups and early stage companies are forecast to be at 15.6% this year, up from 14% last year. The rest of India Inc is projected to give out healthy 10.3% pay hikes, even though these are marginally lower than 10.6% last year, according to Aon Hewitt’s annual Salary Increase Survey 2015-16 that covered 700 companies in India. India Inc’s biggest employers, though, will pay the least salary increments, on average, in 2016.
The salary increment survey reveals that organisations that employ more than 15,000 people are budgeting lower salary increase numbers as compared to India Inc. average.