BENGALURU: This report might come as a shocking development for the employees in India who are slogging day-in and day-out at different jobs. The Hay Group of Korn Ferry, the global people and organizational advisory firm, recently conducted a research stretching across job roles in 2016, and points out that a significant hike in salary can be expected by Indian employees. The figure that illustrates this hike stands somewhere around 10.3 percent, on an average basis and this represents a slight decrease in comparison to the actual average salary increase of 10.4 percent across India, for the year 2015.

The report suggests that these jobs can be broken down to four different levels- Clerical and operational, Supervisory and junior professionals, Middle management and seasoned professionals, and Senior management and executives. As per the study, the expected hike at middle and clerical, middle and operational levels stand at par with the figures of last year, i.e., 10.5 percent and 10 percent, respectively. While the percentages for senior and supervisory levels indicate to a fall of about 0.2-0.3 percent. These figures can be summarized for the four employee levels, reflecting to an increment range between 10-10.5 percent.

The report brings to light some interesting insights you might take into consideration before choosing a job this year. Chemicals and high technology industries are expected to be the most promising avenues in terms of jobs that will showcase hike in pay. High tech sector in particular is expected to show highest increments, though only marginally, compared to previous year while the other sectors display still more feeble increments. Auto sector is suspected to exhibit the most significant decline from 10.9 percent for last year to 10.1 percent, this year. Moreover, the decline is substantial at the executive management and clerical levels coupled with relatively lower declines at the middle management levels. The factors that decide this drive in salary increments include individual performance/merit at top, followed by market competitiveness.

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