There is going to be no salary increment in India this year. According to the leading global professional services firm AON, this year your salary will increase less than last year. Let’s know what the report says about salary hike.
If you are not happy with the previous increment and are waiting for a salary hike this year as well, then this news can prove to be useful for you. Actually, according to AON PLC’s Annual Salary Increase and Turnover Survey 2024-25, there is going to be no salary increment in India this year.
According to the leading global professional services firm AON, amid increasing uncertainty and slow growth globally, the average salary increment this year can be 9.2 percent. Whereas last year it was 9.3 percent, that is, this year your salary will increase less than last year. Let us know what has been said about salary hike in the report.
The situation has been like this for 3 years
According to the report, there has been a trend of decline in salary increment since the year 2022 when companies used to give an average salary hike of 10.6 percent. According to AON’s Annual Salary Increase and Turnover Survey 2024-25, the fluctuations in growth and salary increment may end this year. Salary in India will increase by an average of 9.2% in 2025. But the good news is that salaries are going to increase tremendously in some sectors.
Why is salary increment declining?
Looking at the trend of the last few years, it is known that the salary increment in the year 2022 was 10.6%. At that time, due to the Great Resignation, companies were offering higher salaries so that people do not leave their jobs, but now companies have become a little alert and are taking decisions to increase salaries thoughtfully. Now people are also thinking before leaving the job, according to the data, the number of people leaving the job has decreased in the last years.
How much will the salary increase in which sector?
This study of Aon has been prepared by combining the data of more than 1,400 companies and 45 different industries. According to the report, the salaries of people in these sectors can increase significantly.
These will see the most growth in money
- Engineering Design Services
- Automobile and Vehicle Manufacturing
- NBFC (Non-Banking Financial Companies)
- Retail Sector
- Global Capability Centers (GCCs)
- Life Sciences and Healthcare
