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India to receive biggest salary hike in 2010
By SiliconIndia   |   Wednesday, 21 October 2009, 02:37 Hrs   |    76 Comments
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India to receive biggest salary hike in 2010
Hong Kong: Companies in Asia are set to offer bigger pay rises next year as the region continues to rebound from global recession, notably in India where base salary levels are poised to jump nearly 10 percent. According to a survey by Hewitt Associates, salaries in Indonesia and China will also surge, by 8.7 percent and 6.7 percent respectively, whereas workers in Japan can expect a paltry 2.1 percent pay rise.

The survey, which covered more than 2,000 local and joint-venture companies in the Asia-Pacific region, also states that salaries or annual guaranteed pay this year in Asia's fast-growing economic powerhouses China and India, at 4.5 percent and 6.3 percent respectively, were the lowest since 2005.

Salaries barely grew at all in Hong Kong and Japan, this year as companies cut staff, reports Reuters. More than 60 percent of companies surveyed in Hong Kong, Japan and Singapore froze wage levels, compared with only 26.1 percent in India and 30.8 percent in China.

Next year, only six percent of companies in India and 8.3 percent in China expect to freeze pay compared with 12-14 percent of companies in Japan, Singapore, Hong Kong and Australia.

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14: GHANTA. THE COMPANY WHERE I WORK IN THERE IS SALARY HIKE IN 2011 .
Posted by:Vishnu - 06 Apr, 2010
15:
GHANTA. THE COMPANY WHERE I WORK IN THERE IS NO SALARY HIKE IN 2011 .
Vishnu Replied to: Vishnu - 06 Apr, 2010
16: This is absolutely truth. India\'s condition about salary wil be better to better in coming days very soon. Except some compaies all the companies will have to do hike thier salaries because government has increased their employees\'s salary both the states & central governments departments also. For this reason all talented persons are being attracting the government jobs the private companies will have to increased their salaries packages. In a short period India will seemed in bright position as all the talents will have to come back to India definitely. In fact this news is absolutely true for all the Indians as well as others who are realy talented.

Hoping this goodday to all

sudha
Posted by:sudha - 26 Oct, 2009
17:
Salary increases will take place only in IT companies & not in manufacturing sector. As essential commodities are sky-rocketing there is a need for better salaries but Government sector's salaries were increased for vote-catching only (though they get more bribes compared to their salary). Nothing to rejoice for the common man.
Sheshadri Replied to: sudha - 26 Oct, 2009
18: whether we get it or not .. but at point of time this is giving and mental energy to meet my financial commitment.. God Bless my BOSS till 2010..
Posted by:Singh - 25 Oct, 2009
19: its sounds good but question is ist going to implement?
in name of recession injustice has done wit employees their basic salary was reduced and converted to target oriented i hope this will bring gud for employees
Posted by:chitra - 25 Oct, 2009
20: Hope the companies will take care of last year hike which was pending bcoz of recession along with this year.
Sukesh,Banglore
Posted by:Sukesh - 25 Oct, 2009
21: GOOD NEWS ! BUT HOW LONG THEY WILL KEEP THEIR EMPLOYEES EMPLOYED AND WHEN THEY WILL BE FIRED?
IS IT NOT THEIR DIVINE RIGHT TO HIRE AND FIRE?
--CHAKRAVARTY
FROM DELHI
Posted by:Chakravarty Pranab - 25 Oct, 2009
22: Is this possible in India where the companies are firing the employees in the name of the recession.first there should be job security atleast for efficient employees then the HIKE IN SALARY should be looked after.Take an eg of MAHINDERA SATYAM which is planning to lay off 5000 employees in next 2 months.
Posted by:vikas - 25 Oct, 2009
23: yea it sounds pretty good only if things would materialise khayali pulav pakane ka koi fayda nhi
Posted by:Leena - 24 Oct, 2009
24: I am very happy to hear about this ,I hope we the Indian will get a job,
Posted by:maria - 24 Oct, 2009
25: I am going back to India! That is where all the good paying jobs are now and with news today about salary increases, I am going to start packing my bags right after I finish writing this.

I would personally advise and encourage all my fellow Indians in Europe and USA to join me to migrate back to our country and take up those high paying jobs.

Manu
Posted by:Manu - 24 Oct, 2009
26:
If every body came back to india.... jobs and such increases would vanish in india....
why are jobs low in Uk etc ... to many foreignors have flooded the country in search of the land of milk and honey... immigrations officers would be thrilled at mass exodus of indians...
jdee Replied to: Manu - 25 Oct, 2009
27:
Dont be so mad, dont come back to India. There is nothing in India except pollution, traffic jam etc... I am suffering now and thinking why did I come back from US.
RKB Replied to: Manu - 24 Oct, 2009
28:
think ur self man, pollution, traffic jam etc, these problems are facing by all countries. u don't have right to say about India, bcs u r nothing contribute for India.
Amar jeet Replied to: RKB - 27 Oct, 2009
29: News like this may only give reason to smile but the fact is Mahindra Satyam is going to lay off about 5000 associates. God bless them! and we also do not need to very happy until we get some thing in hand.
Posted by:Vishal Sachan - 24 Oct, 2009
30:
Yes you right Vishal. also in case the salary increases, the govt is ready to eat out our increment as in taxes. There must be some relaxation in taxes.
aditya oberai Replied to: Vishal Sachan - 24 Oct, 2009
31: hi, its very bigest news.
me request send to these companies meail-id .
Posted by:arpit - 23 Oct, 2009
32: its infact a good news.
but i am not sure i will get any hike or not
Posted by:Mohan - 23 Oct, 2009
33: Evry one expecting hiking of their salary but most of the companies were hiking only 5 to 10 % only. even some of the companies were not hiking salaries. the article is good, hope for the in future.
Posted by:Raghu - 22 Oct, 2009
34:
I am not sure PPL will get hike or not but for sure they will get promotions in their companies ....:)
sunilkumar Replied to: Raghu - 23 Oct, 2009
35: Dear friends, article is very good in reading and hope every ones dream come true. But the thing is rise in the salary means rise in the tax to pay for salaried people. With the rise, govt. should also think for relaxation in tax.
Posted by:Nitesh - 22 Oct, 2009
36:
very nice ur concern about govt ragarding tax, this is most factor people make more save.. it is more problem hike salary or reduce the salary. ur interpretation in taxation is good idea but we cannot do anything.just wait till 2010
venki Replied to: Nitesh - 22 Oct, 2009
37:
a good one
paresh Replied to: Nitesh - 22 Oct, 2009
38: Nice article. I am not sure how many companies in India will fall into 6% trap.

I don't see a jump of 10% hike in salary across the board. This may happen at 1-6 yr people but beyond that I expect a moderate token hike of 5% at upper middle level - top level.
Posted by:Rajesh Durkhure - 22 Oct, 2009
39: very glad to hear!
Posted by:Raghunath - 22 Oct, 2009
40: sounds good
Posted by:Mahesh - 22 Oct, 2009
41:
increase the volume if u like the sound with 5000 watts
umesh Replied to: Mahesh - 22 Oct, 2009
42: Dears....
Sounds great, but my opinion just rising the salaries will not solve the present crisis of expenditures. The best thing the govt. could do is, the relaxation of taxes on the individuals are salaried - since this are the sectors which are effected in both ways - pay tax at source, also pay the tax when purchase on commodities. The slab of tax relaxation to 1.5 lakhs are so is a way of slapping this salaried community.

At least now the economist could think on the merchandiser making hell of moneys' which are dealt under tables.
Posted by:uppukar - 22 Oct, 2009
43: This is nice to hear but i think this news is only for reading............ Before reading this news just read satyam mahindra layoff.....
Posted by:Manoj R - 22 Oct, 2009
44:
that.s good think about interpretation about the practical scenario. it is common thing in INDIA because whatever happen today it will happen next day, what u promise it wont happen next day, because changes is inevitable. this my analysis about current practical, ok have nice day
umesh Replied to: Manoj R - 22 Oct, 2009
45: I think this message is only for reading. No salary hike in future as expected, since these all depends on the Market, Foreign trade/ projects,so, we can't expect the hike in fixed form. we must study the countries profile, those mainly outsourcing the jobs/projects, drasticly ideas/view are changing on INDIA by foreign countries. we must study these day-by-day and then.............It may seen the firms may cut jobs further.
Posted by:UMESH REDDY - 22 Oct, 2009
46:
absolutely correct
rgs Replied to: UMESH REDDY - 22 Oct, 2009
47: Salary Hike, Sounds nice to read.
The rteality something is however we all hv 2 face.
Dont't know but smthng is 4 sure. the salary & the salary hikes in IT sectors is not good & ppl r always finding Govt. jobs better . So IT should abt think this twice :-)
Posted by:Jaswinder - 22 Oct, 2009
48: Oh God, May my manager and HR also read this news :-)
Posted by:ASaxena - 22 Oct, 2009
49: This could be a good news for Indian employees, if the statistics are correct then it proves that Indian companies are really doing well. But the hike will never reach to the large percentage of Indian empolyees only few will be lucky and really enjoy the hike!
Posted by:Janardhan DS - 21 Oct, 2009
50: very nice to hear.....
Posted by:bibin - 21 Oct, 2009
51: There are lies, damned lies and statistics...
What this information we have received is absolutely a statistical information, devoid of any truth.
Posted by:kicha - 21 Oct, 2009
52: :)....I am reading this news...just after the news of the mahindra satyam debacle..:) so please tell me by which news i should go...:) definately it will be better for the ppl who are working...but what happened to those ppl..who lost their job...even if there is good time coming back..:( SAD for them..realy..
Posted by:animesh - 21 Oct, 2009
53:
the same thought came to me,lets hope it happens in all sector including service where it hurt most silently
prajit Replied to: animesh - 21 Oct, 2009
54:
i agree with you. lets hope good for one and all.
prashant Replied to: prajit - 22 Oct, 2009
55: I always have had doubts about such surveys & reports generated by Hewitt Associates, I can not believe this until we experience it. So let's keep our fingers crossed & wait...

Best of Luck everyone...!
Posted by:Dibyendu - 21 Oct, 2009
56: good though, but first ask the high level person to give the basic salary which is fixed already and to increase the salary, decreasing in one case and increasing in few will lead to same salary , it should be point first to all. by sakthi
Posted by:sakthi - 21 Oct, 2009
57: Is it for govt employees?
Posted by:BribeTaker - 21 Oct, 2009
58: I hope this will happen & Employers should also think about it as they have already taken benifit of salary cut,pay offs and much more under the name of recession.In reality their profits might not have decreased in that proportion.
Posted by:Ramesh - 21 Oct, 2009
59: I am not believe this things and all..... Hope it happen really pleasure for every one.
Posted by:keerthivasan - 21 Oct, 2009
60:
i am with keerti too. :)..all ppl sud be happy...2010 sud be a good year for all of us!
aditya Replied to: keerthivasan - 21 Oct, 2009
61: The unbridled greed and arrogance of Wall Street and finance has proved a cancer already, killing the Middle Class, breaking up homes, ending dreams of college, and destroying others, until now, with impunity.
Indian IT firms are following this track very sadly.The top few in the management want to gobble away all the salaries of other slaves on the key board - a reverse approach of Dr.Narayana Murthy's Innovation Company (Cobal Technology) firm - Infosys Of Bangalore, India.
Bnatwal Srinivas Prdeep Nayak.
Pradeep
Posted by:Bnatwal Srinivas Pradeep Nayak - 21 Oct, 2009
62: It's really good one, if would be more than 20%...
Posted by:Vadivel - 21 Oct, 2009
63: hahahaha....Look the current status no jobs,ppl are getting fired every months on what basis you this ppl say this...come to reality
Posted by:Deepak - 21 Oct, 2009
64:
It is a great joke.
Wonderful !
Now the people from Middle east will work in India as slaves.(Like indians now working in the middle east)
Wonderfull.
vinod Replied to: Deepak - 22 Oct, 2009
65:
I absolutely Agree on the same...

These guys are referring to Pay Hikes, Europe has 17 Million people looking or Jobs and Middle East is not hiring for the past 18 Months, however Asia is having a PAY HIKE...

Reality Boss, do u really think people are not reading this ?

Think Again....before publishing
Dubai Replied to: Deepak - 21 Oct, 2009
66:
Hawitt always gives a skewed study report. Here people are sill suffering from pay cut and no hike. But 10% hike is really a non-reality figure.

Balaji.
balaji Replied to: Dubai - 21 Oct, 2009
67: 10% hike is normal if 20% then it might be good
Posted by:Chandra Prakash - 21 Oct, 2009
68:
Days are gone to expect 20% hike in salary. Today or in near future the salary hike may not go more than 10%
sanjeev Replied to: Chandra Prakash - 21 Oct, 2009
69:
I think it is for Non - IT employees and 10 % hike in non It sector is considered a good one.
Abhi Replied to: sanjeev - 21 Oct, 2009
70: 10 % rise is normal,if it is 20 % than can be called good,30 % will be biggest!
Posted by:Gautam Bardoloi - 21 Oct, 2009
71: Hope for the positive result!
Posted by:Senthil - 21 Oct, 2009
72:
Salary Hike % is for different people will be different. ( City/Country)

Even today's condition I have seen people getting hike (moving to other organization) with 50% to 60% hike so you don't need to wait for 2010.

Just follow your heart :-)

- TkingPal
tkingpal Replied to: Senthil - 21 Oct, 2009
73:
Aggreed..
Sashikanta Mishra Replied to: tkingpal - 22 Oct, 2009
74:
Hike only for Managers, CEO and top level management and not for Poor Developers and Testers , I suspect even in 2010 most of our friends finds themselves as jobless, dont be very Happy with the above statements and in 2010 u will find other astonished statements saying 10% Pay Cut for Existing Employees
shafe786@gmai.com Replied to: Sashikanta Mishra - 22 Oct, 2009
75:
10% hikes are very unrealistic in the scenario we have right now. Though situation in aisa is better than the world, but still we have people who are having a tough time finding stable jobs.
unicorn Replied to: shafe786@gmai.com - 23 Oct, 2009
76:
very glad.
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