#Average salary in india 2017 professional

'We are increasingly seeing a multitude of factors impacting salary increases such as size of the company, business dynamics within the sub industry, nature of talent requirements and quite obviously, performance,' Ghose said.

#Average salary in india 2017 professional

Sectors such as professional services, consumer internet companies, life sciences, automotive and consumer products continue to project a double-digit salary increase for 2018.Р”Вespite an improvement in macro-economic forecasts - salary increases remain at the same level as was projected in the last fiscal and this is because salary increases are becoming more 'nuanced'. A survey by PayScale, Going into 2022, businesses are. As projected by SHRM, employees can expect an average base salary increase of 3.3 in 2022 up from 2.9 in 2021. Ghose further said that 'with increasing maturity, HR budgets are being realigned towards top performers as opposed to the broader population'. According to these predictions, employees should see an average of 3.3 salary increase with better-performing employees earning a slightly higher pay increase. 'With critical skills shortage highlighted as a key concern, companies are becoming more cautious while recognising and remunerating their key talent,' Anandorup Ghose, Partner at Aon India Consulting told reporters here. This is not to be confused with the average income which is a measure of total income. In this article, the average wage is adjusted for living expenses ' purchasing power parity ' (PPP). The average wage is a measure of total income after taxes divided by total number of employees employed. A top performer is getting an average salary hike of 15.4 percent, approximately 1.9 times the pay increase for an average performer. See also: List of countries by GDP (PPP) per capita. The survey noted that the focus on performance is getting sharper year-on-year. China is expected to dole out a salary raise of 6.7 percent, Philippines 5.8 percent, Malaysia 5.1 percent, Singapore 4 percent, Australia 3.2 percent and Japan 2.5 percent.