Indian companies to give 6-15% salary hikes this year, can go up to 40% for niche skills: Report

Indian corporates are likely to grant annual salary hikes of 6-15% on average this year. The hike figure will vary depending on the industry and role. When it comes to salary increments for promotions, it can potentially reach 20-30% and even touch 40% for emerging skills and critical leadership roles, according to the report.

Organizations are also increasingly offering Employee Stock Ownership Plans (ESOPs) and long-term incentives, especially when it comes to senior roles. Moreover, a growing emphasis on diversity and inclusion is evident, with many companies targeting 50 per cent female representation through competitive compensation packages and flexible work options.

The recruitment consultancy also noted that India's job market has now started offering increased opportunities across multiple sectors, compared to early 2024.