GlobalAutoTV
Click to watch Margery Marshall - Global Mobility Strategies
Click to watch Margery Marshall - Global Mobility Strategies
global resources
Need an office somewhere in the world? Office suites, meeting rooms, virtual offices, network access



free downloads
GLOBAL: Insight Bureau: "World economy: lifting the curtain on what worries the EIU about for 2008"

GLOBAL: The Insight Bureau: "World economy: lifting the curtain on what worries the EIU about for 2008". 3-page article by Robin Bew, Editorial Director and Chief Economist at the Economist Intelligence Unit, and Insight Bureau.

proceed to download
eJournals




back to index backGLOBALtalk July,  2014


India's 2014 Projected Salary Increase, Emerging Trends and Outlook

Salaries in India are projected to rise 10% in 2014 on the back of improving business confidence, positive expectations from the general elections, and moderating inflation. According to Aon Hewitt's 18th Annual Salary Increase Survey in India, the 2014 increase is the second lowest the country has seen in a decade (the lowest was in FY2009 when markets became extremely cautious after the global financial crisis).

Anandorup Ghose, Rewards Consulting Practice Leader at Aon Hewitt India, commented: "This period reflects the easing off of the unsustainable turbo-charged pre-crisis economic growth. Even though growth appears to be strengthening in both advanced and developing economies, it is expected to be muted and slower paced than in the pre-2008 era. This sentiment is reflected in India's slightly higher salary increase projections for 2014."

Sectors largely reliant on the domestic economy such as Pharmaceuticals, Chemicals, Engineering Services and Consumer Goods, are projecting the highest salary increases, typically above 10% for 2013-14. In these industries, compensation costs represent a smaller percentage of the total cost structure. However, the cautious streak is evident as projections for 2014 have reduced by an average of 30 basis points from the actual increases provided in 2013 by these industries.

Service industries like Retail, Financial Services, and Hospitality bring up the rear in salary increase projections, with these businesses impacted by the slowing down of the economy and consumer spending. In these industries, compensation costs are a significant portion of their total cost structure, thus managing salary costs has become an important element in their cost management strategy.

It is important to note that the dispersion between the highest paying and the lowest paying industries has narrowed in 2014 to about 2--3%, as compared to the 5--7% dispersion observed in 2013.

To read entire article, please click here.

Source: Aon Hewitt - GAI




previous page

go top
search our site


Loading

GLOBALtalk

Other articles from the same issue (July,  2014).

India's 2014 Projected Salary Increase, Emerging Trends and Outlook
play read on

Free trade, lower wages drive Mexico's automaking boom
play read on

Adapting to a Workforce Without Borders: T+D magazine
play read on

Global CEOs Aren't Very Global
play read on

Tips for leading an international workforce
play read on

The Role of Culture in Efficient Supply Chain Operations
play read on

Guide to China Market Salaries - 1st Quarter 2014
play read on

U.S.: We're Not Out of Engineers Yet
play read on

No, France Has Not Banned Employees from Checking Work Emails After 6 p.m.
play read on

Japan: Proposed amendments to rules on labour dispatch
play read on

How Safe are Mexico's Border Cities for Business Travelers?
play read on

Salary Guide Greater China 2013
play read on

Skills Shortage Threatens Future Earnings and Growth Prospects of U.S. Manufacturers, According to a New Report
play read on

Germany’s labor costs rising faster than EU average
play read on

Japan: Proposed exception to five-year rule on fixed-term employees
play read on

Is corporate India ready to blow the whistle?
play read on

CFOs Expect Labor Unrest to Harm Latin American Economies
play read on

Air Pollution Impedes Executive Hiring in China
play read on

U.S.: Accenture 2014 Manufacturing Skills and Training Study
play read on

Hungary: Changes to approved employee share plans
play read on

Singapore: New Implications on Overtime Work
play read on

The View from China's Productivity Frontier
play read on

U.S.: Supreme Court Holds Severance Payments are Taxable Wages under FICA
play read on

Belgian Employment Law Reforms 2014
play read on

Malaysia: Special pass for overstay occurrence
play read on

Brazil: new regulations for work on sundays and public holidays
play read on

China: Skills shortage to continue
play read on

A Global Mobility Manager's Guide: Obtaining expat vehicles in the U.S.A.
play read on

Federation Council Approves Bill Requiring Russian Language for Residency
play read on

Collective agreements in Brazil: One agreement, two purposes
play read on

How to raise workplace productivity in China: Workplace productivity snapshot
play read on

U.S.: IRS rules on insurance for employer-provided retiree health benefits
play read on

U.S.: Summer employment Payroll and employment tax considerations
play read on

Latam leaders discuss improving education and skills to help diversity economy
play read on

UK: Agency Workers on Indefinite Contracts are Not Protected by the Agency Worker Regulations
play read on


Our Free eJournals
GlobalAutoExperts

To visit GlobalAutoExperts Directory, click here.


©2008 GlobalAutoIndustry.com | HCI Group, Ltd.
101 West Big Beaver Road, Suite 1400 | Troy, MI 48084 USA
USA Tel: +1.248.687.1060 | USA Fax: +1.248.927.0347
Fax UK: +44.(0)845.127.4765 | Fax Europe: +31.20.524.1659 | Fax Asia: +852.3015.8120