New Delhi, July 29
Employers across key industries in India are planning measured yet meaningful compensation increases in current fiscal, with salary increments projected to range between 6.2 per cent and 11.3 per cent across sectors, and some city and role-level salary increments are expected to reach up to 13.8 per cent, according to a report on Tuesday.
The highest salary increments are expected in sectors such as EV and EV Infrastructure (11.3 per cent), Consumer Durables (10.7 per cent), Retail (10.7 per cent), and NBFCs (10.4 per cent), TeamLease Services, a people supply chain company, said in its report.
According to the report, top roles within industries with the highest salary increment are Electrical Design Engineer (12.4 per cent) in EV and EV Infrastructure, In-Store Demonstrator (12.2 per cent) in Consumer Durables, Relationship Executive (11.6 per cent) in NBFC, and Fashion Assistant (11.2 per cent) in Retail.
“The projected salary growth, ranging from 6.2 per cent to 11.3 per cent, signals a broader realignment in India’s job and wage landscape," said Kartik Narayan, CEO-Staffing, TeamLease Services.
As new-age industries scale rapidly, demand is shifting toward roles that combine technical capability with immediate business impact, Narayan added.