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1. Average Salary Hikes in India Likely to Be at 11% in
2015: Survey
Press Trust of India | Updated On: December 11, 2014 20:08 (IST)
New Delhi: Indian companies are likely to keep average salary hikes muted at 11 per cent
in 2015, with medical life sciences sector expected to dole out the highest pay raise, says a
survey by global consultancy Mercer.
According to Mercer's 'Total Remuneration Survey', the actual salary increase across
industries and career levels for 2014 stood at 10.6 per cent.
With an average salary increase likely to be at 11 per cent, the projected pay hike for next
year in medical life sciences sector is the highest (12 per cent) and for the shared services
and hi-tech industry it is lowest (10 per cent).
While the pay increases have been muted, a majority of companies have indicated
aggressive recruitment activity in the next year on expectation of higher growth rate, the
survey findings showed.
The survey covered 700 organisations in the country across various industry sectors like
medical life sciences, chemical, oil and gas, manufacturing and engineering, automobiles
and auto components, shared services and hi-tech sector.
"Overall, the current pay increase forecasts indicate that while business sentiment is
positive, companies await the sentiment to turn into actual business results before taking

2. aggressive pay actions," Mercer India Business Leader (Information Solutions) Shanthi
Naresh said.
"In industry context, the organisation and specific roles are continuing to drive reward
decisions," Naresh added.
Even companies which are forecasted to dole out lower than average salary hike "are using
their discretion to differentiate and reward high performers with slightly higher pay
increases in order to aid retention," Naresh said.
Mercer also found that the overall actual attrition in 2013 across industries was 10.3 per
cent with the highest attrition in the hi-tech sector at 15 per cent. By comparison, attrition
stood at 6.5 per cent as on June 2014.
According to the survey, engineering, sales and research and development functions
continue to remain the most difficult functions to hire and retain talent.