'Corporate India may give up to 15 pc salary hike in FY 12'
Mumbai: Corporate India is likely to give salary hikes in the range of 10-15 per cent in coming financial year to retain skilled talent amid revival in the job market.
With the global economic focus shifting to emerging nations, the job market in the country is booming across all sectors and corporates will use salary hikes as a tool to retain talents.
"On the backdrop of improving global economic scenario and shortage of qualified people, talent war is back. However, there will be no extraordinary jump in increments in FY 12," Hindustan Coca Cola Beverages Vice President (HR) P.V. Ramana Murthy told PTI here.
He said on an average the Indian corporates will hike salaries in the range of 11-12 per cent.
Among the sectors, the FMCG and the financial segments will flourish and are likely to provide maximum employment opportunities, he said.
Echoing the view Paul O'Malley, the head of Mercer's information product solutions, said that globally Asia will do much better than the rest of the world.
"With increasing activities here than anywhere else in the world, Asia and Brazil will remain positive both in terms of jobs and increments," he said.
India, on an average, may give hikes in 10-12 per cent range as compared to the global two-three per cent, he said.
Mercer Managing Director Nishchae Suri said leadership positions in corporates will occupy the centre stage this year.
Talking about the sectoral performance, Suri said, "positive momentum has already started in telecom, health care and Banking, Financial Services and Insurance segments."
The increments in India, he said, is likely to be as high as 13-15 per cent.
Meanwhile, executive search firm GlobalHunt Director Sunil Goel said companies are likely to offer 10-15 per cent salary increment.
"On an average, companies across industries may offer 10-15 per cent salary increment. There will be 20-35 per cent growth in salary in the Information Technology sector," Goel said.
As power and energy are the need of the hour, there will be a special focus on thermal and hydro projects by the government for which several policies have been opened up, he said.
"More and more players are expected to come into this sector, so going forward for retaining people, this sector is likely to offer the maximum increment of around 30-40 per cent on an average," he added.
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