Team Blitz India
NEW DELHI: The average corporate salary increment in India is likely to be somewhere in the range of 8-11 per cent across levels this year, according to exclusive information shared by talent company Randstad India with Business Standard. The junior professionals are likely to outshine senior professionals in terms of salary hike percentage.
The information highlighted that junior professionals, with a work experience of 0 to 5 years, are expected to get the highest increment in the range of 10 to 11 per cent. The demand for and confidence in hiring freshers and junior professionals is uniformly high across Tier-I and Tier-II cities in India.
“It is important to acknowledge that monetary compensation is gradually becoming more and more skill and outcome-based, the reason why professionals with highly specialised and niche skill sets will command more flexibility when it comes to salary negotiations,” said Viswanath PS, MD and CEO at Randstad India.
