Indian employees to witness 11% salary hike in 2015: ECA Int.

Posted By: Religare
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According to a report, a salary hike of about 11 per cent is expected to be witnessed by Indian employees in 2015, as high inflation plays spoilsport, said the media report.

"Although wage increases in India are among the highest in Asia, once inflation is taken into account salaries will rise only 3.4 per cent on average next year," ECA International regional director - Asia Lee Quane said.

However, Indian workers are expected to see somewhat better growth in the salaries, off next year amid decreasing inflationary pressures, said the report.

Indian employees to witness 11% salary hike in 2015: ECA Int.
According to the survey by ECA International, the biggest pay rises in the region have been forecast in Pakistan where companies are anticipating 12 per cent rise on an average, followed by Vietnam in the second position and India in the third position.

But the configuration changes vastly once inflation is taken into consideration. Vietnam would feel the best off in Asia, followed by China in the second place and Pakistan in the third place respectively.

In the Asian region, once inflation is taken into account, India's place falls to seventh on the list, lower than Thailand (4th), Bangladesh (5th) and Sri Lanka (6th), added the media report.

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