Year Jobs: Employment market to see modest hiring, 10-15% pay hike next year
On the salary front, however, most industries would keep to single-digit increments, as companies are likely to take a cautious approach and adopt cost cutting measures next year as well, believe experts.
"There would be a few sectors and exceptional performers who can expect a double digit pay hike; however, even theirs would be dependent on goal achievement by the team and organisation overall. Most industries would keep to single digit increments," Lala added.
Also, companies may look at increasing the variable component linked to performance rather than increasing the fixed component.