Employees are eagerly excited about their salary increment as the time to increase their salary is very near.
Image Credit source: TV9 Network
Salary Increment: If you do a job then there is a very good news for you. The month of March is about to end. Along with this, private companies have started the process regarding increments and betterment of employees. performance report is being prepared. The employees are eagerly excited about their salary increment as the time has come to increase their salary. That’s why it is expected to get a good increment this time. Do you know that this time what will be the percentage increase in your salary. If you do not know, then it is being told here that you can get a good increment this time.
Explain that in this year 2023, the average salary increase in India is likely to be 10.2%, which is less than the 10.4% (actual) increase in the financial year 2021-22. The EY report revealed that the projected salary increases for 2023 are slightly less than the actual increases for 2022 at all job levels except blue-collar workers. In the case of blue-collar workers, there is a slight decrease in compensation in 2023.
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There will be more growth in 3 technical areas
The top 3 technical sectors in the country with the highest projected salary increments belong to them. E-commerce can see the highest increase of 12.5%, followed by 11.9% in commercial services and 10.8% in information technology ie IT. In the year 2022, the average salary increase in these three sectors was 14.2 percent, 13 percent and 11.6 percent respectively.
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Fast growing competition in India
According to the report, the current talent market in India is rapidly evolving, shaped largely by a combination of global economic trends, technology advancements and changing workforce expectations. As the Indian economy is growing, the competition for talented people in various industries is intensifying. Some of the most promising emerging sectors for jobs in India in 2023 include renewable energy, e-commerce, digital services, healthcare, telecommunications, educational services, retail and financial technology.
Source: www.tv9hindi.com
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