Monday, Jun 01, 2020 | Last Update : 07:29 PM IST

69th Day Of Lockdown

Maharashtra65168280812197 Tamil Nadu2024611313157 Delhi173877846398 Gujarat1635692321007 Rajasthan83654855184 Madhya Pradesh78914444343 Uttar Pradesh77014651213 West Bengal48131775302 Andhra Pradesh3461228960 Bihar3359120915 Karnataka292299749 Telangana2499141277 Jammu and Kashmir234190828 Punjab2197194942 Odisha17239779 Haryana172194019 Kerala120957510 Assam9361044 Uttarakhand493794 Jharkhand4621914 Chhatisgarh4471021 Chandigarh2891994 Tripura2711720 Himachal Pradesh223634 Goa70420 Manipur6060 Puducherry57230 Nagaland3600 Meghalaya27121 Arunachal Pradesh310 Mizoram110 Sikkim100

Salary growth to crawl in 2020

THE ASIAN AGE. | SANGEETHA G
Published : Dec 3, 2019, 1:43 am IST
Updated : Dec 3, 2019, 1:44 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.

Tags: korn ferry, salary growth
ADVERTISEMENT
ADVERTISEMENT