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1. AVERAGE SALARY IN INDIA FOR IT PROFESSIONALS 2016 HOW TO
2. AVERAGE SALARY IN INDIA FOR IT PROFESSIONALS 2016 PROFESSIONAL

AVERAGE SALARY IN INDIA FOR IT PROFESSIONALS 2016 PROFESSIONAL

Professional services firms, which were flooded with work during the changeover to the Goods and Services Tax (GST) regime, are expected to lead the way with the highest salary increases, projected at 10.7%. A greater correlation between individual and business performance at executive levels is primarily the reason for such high variable pay numbers Salary Increase Projections - 2018 At top and senior management, the variable payout for 2016 as a percentage of 'Total Fixed Pay' has been reported as 23.9% compared to an overall payout of 15.3% across employee segments. The growing prevalence of 'Pay at Risk – Variable Pay and LTI' at these levels can be attributed to the lower fixed increases. Top and senior management salary increases continue to be below the India average. Across levels there is a minimal but positive optimism in terms of salary increases projected for 2018 which echoes the overall India Inc. Similar to previous years, the junior management continues to report the maximum salary increase as compared to other employee segments. Services continue to be behind manufacturing at 9.4% but the gap is minimizing. Over the years manufacturing firms in India have come of age in budgeting salary increases resulting in single-digit (9.8%) for the first time since 2009. continues to pay the highest inflation adjusted salary increase across APAC countries. Despite, single-digit increases, India Inc. This positive trend is a reflection of the fact that organizations, both from the services and manufacturing sectors, are optimistic about business performance. is adopting a conservative yet positive approach in rolling out annual salary increases.

With mixed signals emanating at a macroeconomic level as well as the question of sustainability of double-digit salary increases, India Inc. A similar level of optimism is also reflected across both manufacturing and services organizations.

This is being reflected as 63% of the organizations project an 'Improving' outlook towards business whereas 32% project it to 'Stabilize' over the coming year, an increase of 5% vis-à-vis last year. continues to project encouraging signs on business performance. As per IMF’s World Economic Outlook Update, India’s growth is projected to accelerate to 7.7 % in 2018-19, from 7.2 % forecasted for 2017-18.

AVERAGE SALARY IN INDIA FOR IT PROFESSIONALS 2016 HOW TO

While confusion over the new tax procedures and how to price products have resulted in a slowdown, however, the blip in momentum is expected to be short-lived overall. India’s economic growth is projected to be strong and will remain one of the fastest growing G20 economy. Aon's Salary Increase Survey India’s Business Outlook