India Inc to offer 14 per cent salary hikes this year

There is some good news for employees to start the new year with. According to experts employees can look forward to an average salary hike of 14 per cent in 2012, up from 11 per cent last year. But that is not all, they add various sectors especially services such as banking would experience robust hiring activity, says a PTI report.

Increments could be higher in select sectors like infrastructure where average salary hikes would be in the range of 16 per cent, but increments would be lower in a few segments such as aviation and textiles.

Overall, employees across all sectors would receive pay hikes of 14 per cent, higher than the 11 per cent in 2011, however slightly below a record 14.5 per cent average increment given to employees in 2007, the news agency said.

According to MyHiringClub.com CEO Rajesh Kumar, the year 2012 was yet another year in which job seekers would get to experience positive hiring and double-digit or an average of 14 per cent pay hike as also ''handsome incentives, bonuses and perks."

He added that India Inc was also trying very hard to come out with uncertainties in this year and planning to concentrate on employee satisfaction.

On similar lines Concord HR World CEO Shekhar Ghotgalkar said that hiring activities were set to increase in 2012, especially in the services sector, and salaries could be expected to rise by 10 to 12 per cent. New jobs are mostly expected in IT, retail, FMCG, auto, infrastructure, construction, engineering and banking sectors.