• Deccan Chronicle
  • Andhra Bhoomi
  • Asian Age
  • ePaper
  •  Auto Refresh
Home

ePaper
Last Updated:10:25 AM IST | Saturday, Feb 04, 2023
  • Home
  • Politics, Plan And Policy
  • Markets
  • Companies
  • Economy
  • In Other News
  • Autos
  • Just In
Menu
  • Home
  • Politics, Plan And Policy
  • Markets
  • Companies
  • Economy
  • In Other News
  • Autos
  • Just In
Home > In Other News > Salary growth to crawl in 2020
In Other News
Salary growth to crawl in 2020
Sangeetha G
By  
  , Published : Dec 3, 2019, 1:54 am IST | Updated : Dec 3, 2019, 1:54 am IST

Among the high growth countries, Egypt’s salaries are expected to increase by 13.5 per cent and a 6.6 per cent real-wage increase.

The salary growth in India is expected to be 9.2 per cent in 2020. At the fag end of last year, Korn Ferry had predicted 10 per cent salary growth for 2019. However, the inflation-adjusted real wage rise for India will remain at 5 per cent this year as well.
The salary growth in India is expected to be 9.2 per cent in 2020. At the fag end of last year, Korn Ferry had predicted 10 per cent salary growth for 2019. However, the inflation-adjusted real wage rise for India will remain at 5 per cent this year as well.

Chennai: There is nothing much in store for employees even in 2020. The salary growth in the coming year is expected to be slower than this year. Moreover, the increments will be largely uneven—average performers witnessing a slower growth compared to high performers, finds Korn Ferry Global Salary Forecast.

The salary growth in India is expected to be 9.2 per cent in 2020. At the fag end of last year, Korn Ferry had predicted 10 per cent salary growth for 2019. However, the inflation-adjusted real wage rise for India will remain at 5 per cent this year as well.

“With current economic scenario and progressive reforms by the government, there is a sense of cautious optimism across sectors in India that continues to show high salary increments,” said Navnit Singh, Chairman and Regional Managing Director of Korn Ferry India.

Among the high growth countries, Egypt’s salaries are expected to increase by 13.5 per cent and a 6.6 per cent real-wage increase. In Asia, India‘s salary growth is the highest. Indonesia is forecast to have a salary growth of 8.1 per cent, whereas, Malaysia, China and Korea is expected to have a salary growth of 5 per cent, 6 per cent and 4.1 per cent respectively.

India will continue to see salaries growing unevenly bet-ween high performers and average performers. “In line with slower and lower increments across the board, companies will continue to differentiate their top performers, high potentials and critical talent sharply,” said Roopank Chaudh-ary, Associate Client Partner–Korn Ferry India.

end-of
Tags: 
salary growth, korn ferry
Location: 
India, Tamil Nadu, Chennai (Madras)
Latest From In Other News
Kaleshwaram Irrigation Project. Picture credits : ANI

NGT says environmental clearance for Kaleshwaram violates law

Internet and Mobile Association of India too had sought clarification on the issue. (Photo: PTI)

DPIIT to soon issue clarification on 26 pc FDI in digital media sector

In financial year 2018-19 the proportion of gross non-performing assets (NPAs) to total loans decreased to 9.1 per cent compared to 11.2 per cent in 2017-18.

RBI sees corporate governance 'fault lines' at some lenders

Most Popular

Mukesh Ambani 9th richest on Forbes' real-time billionaires list
Top credit card myths harmful for your financial well-being
Microsoft CEO Satya Nadella tops Fortune's Businessperson of the Year 2019
Employment growth slowed down in last two years: report
GST structure: key challenges and its solutions

Editor's Picks

Income tax e-filers drop by over 6.6 lakh in FY19: Official data
Swiping on your smartphone reveals a lot about you to your social media company
  • Read Financial Chronicle as it appears in print.
  • Subscribe, and get it delivered in the inbox everyday.
  • Politics, Plan And Policy
  • Markets
  • Companies
  • Economy
  • In Other News
  • Autos
  • Just In
  • Home
  • About Us
  • Contact Us
  • Terms of Service
  • Privacy Guidelines
  • Copyright © 2019 Financial Chronicle, All rights reserved
Developed & Maintained By Daksham