Here are the major takeaways from Aon Hewitt’s 21st India Annual Salary Increase Survey

Aon Hewitt’s annual Salary Increase Survey showcases the coming of age of compensation management in India. While a majority of the industries projected a sub 10% increase – the business sentiment remains positive and optimistic.

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The survey projects a drop in pay increases to an average of 9.5% across industries. While it’s a marginal decrease from the 2016 spend, it reflects maturity that India Inc. has displayed amidst global and Indian economic and political events. This includes, and is not limited to Brexit, recent changes in the US government and the much talked about demonetization.

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India Inc. has approached the ambiguity caused by these events with confidence and has displayed maturity instead of impulsive decision making.

The survey was done across 20 industries, with 1003 companies across 5 levels of management.

Here are the major takeaways from the survey across sectors.