The wait is about to end, know how much the salary will increase!
The month of march has arrived and companies are soon preparing to give the gift of salary hike to their employees for the new financial year 2025-26. Employees also eagerly wait for this time. In such a situation, it is believed that indian companies can give an average salary hike of up to 8.8 percent to their employees. Deloitte india has made this estimate in a report.
According to Deloitte india, indian companies are focusing on optimizing the budget related to the remuneration cost of their employees while dealing with global and local challenges, due to which the average salary increase this year can be 8.8 percent. According to the report of financial consulting company Deloitte india, the salary increase for the year 2025 is estimated to be 8.8 percent, which was 9 percent in the year 2024. Along with this, the report says that 75 percent of the companies will either reduce the salary hike or keep it the same as last year. According to the report, while most sectors will keep the salary hike stable or marginally lower than last year, the consumer products sector is expected to see a significant reduction in the salary hike budget.
Prakhar Tripathi, partner at Deloitte india, said, "Companies' salary budgets are naturally coming under pressure due to slowing income growth. Controlled layoffs and moderate inflation are helping companies to optimize salary increases without adversely affecting talent results." He said, "However, it is expected that companies will continue to focus on performance and talent differentiation." The Deloitte india Talent Outlook-2025 report is based on a survey conducted among decision makers of more than 500 companies across seven sectors.
According to the report, heads of companies are focusing on retaining talent, but top performing employees can expect 1.7 times the salary hike compared to average performers, which is slightly less than last year. It said that individual contributors and junior management level employees can expect a salary hike of 1.3 times that of the top management level.
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