Pharma to lead in pay hike

Jun 18, 2010 |

New Delhi

Employees in the pharmaceutical sector can expect an average pay hike of 13 per cent in the 2010-11 fiscal amid robust business growth in the space, according to HR services provider Ma Foi Randstad.

According to Ma Foi Randstad’s latest survey on employment trends, various industry sectors in the country are expected to witness average pay hikes in the range of 8-13 per cent in the 2010-11 financial year.
The pharmaceutical sector is expected to see the highest salary increases of 13.2 per cent on average in the current fiscal, the survey revealed. “Rising purchasing power and increasing penetration of health insurance will support strong growth in pharma business over the coming months,” the survey added.
The real estate and healthcare sectors are both projected to see pay hikes of 12.1 per cent, while the energy space may see pay packages grow by 12.8 per cent on average this fiscal.
Other sectors expected to see hikes include education, IT and hospitality.

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