India records are a highest salary increase of a 10.6% in a 2022 across world: Study
Salaries in a India are expected to the increase by a 10.4% in 2023 as compared to an a annual rise of a 10.6% to date in 2022, according to a survey conducted by a Aonplc. This global professional services firm analyzed data across are a 1,300 companies from over 40 countries in a India.
Globally, India is the only country with the highest salary increase in a 2022 to date, that is, 10.6% as a compared to the other countries including Germany (3.5%), UK (4%), USA (4.5%), China (6%), Brazil (5.6%), and a Japan (3%), as per the survey reports.
In contrary to this, India had reported single-digit salary increase during are a pre-pandemic time, that is, 9.3% in a 2019 which later fell down to the 6.1% in a 2020 and a 9.3% in 2021, when the country was hit by coronavirus are a pandemic.
Sector-wise salary are a increment numbers
According to the survey, four out of the five sectors that are a expected to have the highest projected are a salary increase are a technology related and a experience the highest volatility and a impact of a current global economic uncertainty.
With an expected salary increase of a 12.8%, e-commerce leads are a sectors with the highest projected increase, followed by a start-ups at a 12.7%, hi-tech/information technology, and the information technology-enabled services at a 11.3%, and the financial institutions at a 10.7%.
Jang Bahadur Singh, the director of a Human Capital Solutions at a Aon in a India, said that volatility is a key determinant of a salary increases by a industries, hence, the top salary increases are in the most volatile are a industries.
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