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Market Research Says High Salary Hikes Doubtful This Year

Are you an employee waiting for some hike in your salary this year? It might be that high as per a survey conducted by HR consulting firm. As per an official statement, the expected average salary hikes in 2012 is 11.54percent against 11.89percent in 2011.

No High salary hikes this year!!!

No High salary hikes this year!!!

2, 326 Indian companies of various sectors participated in this survey and the director of the consulting firm mentions that, the growth of only 6.9percent, which is very much less than expected value is the major reason for such result. Both foreign MNCs and Indian companies’ employees will have a similar drop in salary hikes.

Drop in foreign MNCs is marginal when compared to 12.17percent in 2011 to 11.73percent in 2012. On the contrast, healthcare, automotive and pharmaceutical sectors will have an increase in salary hike when compared to previous year. Services sector will have marginally higher salary hike with respect to manufacturing sector. Which one are you from?

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