Survey predicts 9.5% salary hike for Corporate India in 2025
A recent survey by Aon plc forecasts that Indian salaries will rise by 9.5% in 2025, driven by a positive business outlook across various sectors. This marks a slight increase from the 9.3% hike expected in 2024.
The engineering, manufacturing, and retail sectors are likely to witness double-digit salary growth of 10%, while financial institutions and global capability centers may see increases of 9.9%. The technology consulting and services sectors are expected to have more modest growth, with a projected hike of 8.1%.
Attrition has been declining, with an average rate of 16.9% in 2024, down from 18.7% in 2023, providing companies with a unique opportunity to focus on internal growth and talent development. The survey included responses from over 1,176 organizations across 40 industries.
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