India Inc employees likely to get salary hikes of 9.2% in 2025: Aon study
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Attrition levels are expected to have declined to 17.7% from 18.7% in 2023, according to Aon’s ‘Annual Salary Increase and Turnover Survey 2024-25 India’.
The study, now in its 30th year, analysed data from more than 1,400 companies across 45 industries.
“Despite external uncertainties, India’s economic prospects remain stable, with rural demand improving and private consumption maintaining momentum,” said Roopank Chaudhary, partner and rewards consulting leader for Talent Solutions for India at Aon. “The downward trend in projected salary increases could be in response to external factors like the geopolitical and economic developments, the potential impact of US trade policies, conflict in the Middle East and the explosive pace of generative AI advancements.”
The forecast for 2025 reflects a trend of declining salary increments since 2022—the year of the Great Resignation—when companies gave 10.6% salary hikes, according to Aon.
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