Good news: Industry, hope to increase salaries rates this year

Good news: Industry, hope to increase salaries rates this year

In the survey conducted among 791 companies of different regions, 55 per cent of the companies believed that they are willing to make further appointments in the next 12 months. Last year, 48 per cent of the companies said so.

New Delhi: During the year 2018, there is a possibility of increasing pay in companies to 10 per cent in companies and increase in new recruitments. This has come to light in a report. According to Merchant's 2017 'India Total Remuneration Survey', almost all industry sector companies can increase their employees' salaries by 10 percent in 2018. This is similar to the total increment of 2016 and 2017.

In the survey conducted among 791 companies of different regions, 55 per cent of the companies believed that they are willing to make further appointments in the next 12 months. Last year, 48 per cent of the companies said so.

Mercury's Principal Peace Principle of Talent Consulting and Information Solutions in Indian Business said that there is a possibility of continuation of double-digit double digit growth in Indian industry. The key reason for this is the positive economic climate. Also, the lack of proper talent is expected to increase in the appointments of companies.