12
Jan
Mumbai (Maharashtra) [India], January 12: India Inc. is likely to see a median salary increment of 9.7% in 2024, according to Korn Ferry’s latest India Compensation Survey. This surpasses the actual median increase of 9.5% reported by organizations in 2023. Salary Increments The marginal uptick of 0.2% signifies a measured approach by companies in shaping their reward strategies, which remain focused on achievement of business and financial objectives, with a strong emphasis on retention of crucial talent. Industry-wise salary projections for 2024 include: Automotive – 9.7%(compared to 9.6% last year) Chemical –10.0%(compared to 9.8% last year) Construction and Building Material…
