'Corporate India may give up to 15% salary hike in FY 12'

Vivek (CA ) (2368 Points)

03 March 2011  


'Corporate India may give up to 15% salary hike in FY 12'

MUMBAI: Corporate India is likely to give salary hikes in the range of 10-15 per cent in coming financial year to retain skilled talent amid revival in the job market.

With the global economic focus shifting to emerging nations, the job market in the country is booming across all sectors and corporates will use salary hikes as a tool to retain talents.

"On the backdrop of improving global economic scenario and shortage of qualified people, talent war is back. However, there will be no extraordinary jump in increments in FY 12," Hindustan Coca Cola Beverages Vice President (HR) P V Ramana Murthy said.

He said on an average the Indian corporates will hike salaries in the range of 11-12 per cent.

Among the sectors, the FMCG and the financial segments will flourish and are likely to provide maximum employment opportunities, he said.

Echoing the view Paul O'Malley, the head of Mercer's information product solutions, said that globally Asia will do much better than the rest of the world.

"With increasing activities here than anywhere else in the world, Asia and Brazil will remain positive both in terms of jobs and increments," he said.

India, on an average, may give hikes in 10-12 per cent range as compared to the global 2-3 per cent, he said.

Mercer Managing Director Nishchae Suri said leadership positions in corporates will occupy the centre stage this year.