BENGALURU: “Salary is credited”, these are the three most powerful words that every employee is keen to hear, and if the salary is with a hike, then the level of happiness increases. Employees are struggling all year trying to excel their performance focused on gaining better rewards and recognitions. However, the year of 2017 brings a bit of sadness in the minds of employees expecting a good hike. According to the Business Insider, only about 10 percent hike in the salary is expected to be witnessed by Indian employees in the year 2017, Which is comparatively 0.3 percent lesser than the current year.

The 2017salary forecast by the Korn Ferry Hay Group states that the Indian salary growth has nailed down to 10 percent, while the real wages are expected to rise by 4.8 percent. The report also states that the salaries are expected to increase in Asia by 6.1 percent, a 0.3 percent decline from last year. On the other hand, the real wages are expected to rise by 4.3 percent globally.

The forecast also indicated the largest real wage in Vietnam with 7.2 percent, Thailand at 5.6 percent and Indonesia at 4.9 percent. Moreover even after marking the inflation, the workers around the world are expected to witness an increase in 2.3 percent of real wage, comparatively from the last year’s prediction of 2.7 percent.

"Salary hikes in India, although still higher than many other countries across the globe have stabilised and we expect them to be in the 9.5-10.5 per cent range in the next couple of years, “say Amer Haleem, Country Manager, Korn Ferry Hay Group.

Read Also:
Incedo To Hire 3,500 People In India, U.S. In 2 Yrs
9 Affordable cities for Indian Students in U.S.