BANGALORE: Indian Companies might just hike the base salaries by 10.5pct next year as around half of these firms are looking forward to recruit more candidates, as per a survey by consulting firm Mercer. According to Mercer's India All Industries Total Remuneration Survey of 691 organisations, 2016’s anticipated base salary across industries and various career levels can range from 10pct to 11pct, which is moderately more for IT, chemical industries and life sciences, reports ET.

Mercer's global CEO Julio Portalatin said "Life sciences is a highly competitive industry and you are going to see the pressure on salaries and that's why the life sciences group is leading the variable increase for salaries and is expected to be the same in 2016. It is reflective of how important it is to adjust our solution to that industry to make it as competitive as possible".

The survey further revealed that, with time, the rise in salary for various industries has gradually lessened, with a higher segregation built for bigger budgets to lure potential talent as well as superior performance.

Around 48pct of Indian companies aim on increasing their headcount, out of which shared services, hi-tech and life sciences sectors are at the top to carry out this plan.
India is gradually gaining strengthen when it comes to intellectual capital as a number of global IT firms are coming up with innovative and out of the box centers across the country. The IT industry has also played its part in shaping a significant requirement for educational sector, mainly pertaining to computer science and engineering. The survey further disclosed that the variable bonus in 2014 had reached the max in hitech sector with 22.4pct of annual guaranteed cash. consumer sector was seen following behind at 15.5pct.

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