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Study compiles salary trends in different industries across the country
Posted on: 25/Jul/2016 12:08:43 PM
A study conducted by Wisdomjobs.com says that salaries are likely to jump by an average 10.7 per cent in July-December, with e-commerce and life science sectors expected to hand out bigger pay packets. The projected salary hike for 2016 is nearly the same as last year`s though the hiring figure so far this year has dipped in comparison with 2015.
Speaking about this, a senior executive of Wisdomjobs.com said, In the second half of the year, companies are expected to sharply differentiate among high, average and low performers and implement variable pay plans that lay more emphasis on the organisation`s performance. Top performers stand to gain handsomely as they are expected to receive much more across sectors. With an increasing number of companies moving away from bell-curve appraisals, the onus will be on individual performance rather than the group`s median performance.
The list is topped by e commerce with a projected average salary hike of 15.6 per cent. This is followed by life sciences which is ranked second at 11.8 per cent, followed by media and entertainment with 11.3 per cent, technology with 10.9 per cent and consumer products with 10.5 per cent.
Some industries can see minimum pay hikes. These are cement with 9.5 per cent, transportation and logistics with 9.2 per cent, telecom with 9 per cent, metals and gems with 8.8 per cent and BFSI with 8.5 per cent. The study covered various industries across Delhi-NCR, Mumbai, Bengaluru, Chennai, Hyderabad, and Kolkata.
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