Executives likely witnessed 15-20% salary increase
Experts feel that due to good economic conditions, the executives are likely to see their salaries increase by 15 to 20 percent.
HR experts say that the increase in salary varies in sectors. The sectors like pharmaceutical and automobile industries are likely to notice maximum increase.
Mr. Udit Mittal, HR firm Unison International’s Managing Director, says that the expected rise is around 15 to 20 percent. As per Mittal, some multinational companies may give additional perks to their top level employees.
MANCER Consulting organization noticed that the middle and senior level employees in the country are supposed to get increase in salary in the range of 10 to 20 percent and same increase is likely to show in their bonus as well.
Mr. Satya D Sinha, MANCER Consulting CEO, says that the executives mainly in pharmaceutical, automobile and realty sectors are likely to witness better appraisals in next financial year.
The pharmaceutical industry is expected to get salary increase of 14 to 15 percent while in automobile sector the increase in salary is going to be nearly 13 to 14 percent. The real estate sector is going to see the increase in salary around 12 to 14 percent.
Mr. Vidur Gupta, Executive search firm Spectrum Talent Management’s Director, says that sectors like pharmaceutical, chemicals and consumer goods sectors are mainly dependent on the domestic economy and should see significant increase. He also added that a stable government will give positive result on the economic condition of country.
Mr.Sinha says that the sectors like mining, construction and infrastructure are expected to see increase their hiring process and increase in salary as well. He further added that the increase of 2 to 4 percent is expected in 2014.
Source: mydigitalfc.com
Automobile industries, Economic condition, HR, MANCER, MANCER Consulting, Pharmaceutical, Real Estate Sector, Satya D Sinha, Spectrum Talent, Udit Mittal, Unison International's, Vidur Gupta
