BENGALURU: An excess of 20 percent salary hike is expected in this increment season for top performers in FMCG, oil & gas, industrial goods, retail, transport, technology, etc. Leading firms like Hay Group, Mercer, Aon Hewitt, Towers Watson and TeamLease are in belief that their top performers will earn almost double the average increment.
The e-commerce sector achieved an 18-22pct climb on an average. Top performers in e-commerce firms may get up to 30 percent salary hikes. With revenues of over $12 billion, this sector is expected to hire more than 1 lakh people in the next six months.
"The hi-tech industry will see higher increments because of the increasing demand for IT and IT-related services from the other economies," said Sambhav Rakyan, Data Services practice leader, Asia Pacific, Towers Watson.
The manufacturing industry is also expected to experience an increase. The reason for this as per Shanthi Naresh, Mercer India business leader, Information Solutions, is "an upturn due to improved business pipeline, especially companies in the capital goods sector and the impetus being given to this industry through the government's focus on the 'Make in India' campaign."
The consumer industry has no change in estimated increase. It continues to be 11.9 percent since last year. The automotive space will see a 10.5 percent climb compared to 10% last year.
However, those in telecom sector will see a bad scene – 5 pct hike compared to 7 pct last year. Probable cause can be the fall of 2G and a pick-up of 4G.

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