Bad news for employees who have been waiting for a pay hike, this year may get a bump

-


Salary Increment News: Employees may face disappointment regarding salary increment this year. According to a report by Aeon Plc, this salary increase will be slightly lower this year than last year. According to the survey, employee salaries are expected to increase by 9.5 percent this year, compared to a 9.7 percent increase in 2023.

More increments to top employees

It is claimed that top employees get 1.74 times more increments than other employees. Employees are expected to get higher salaries this year due to lower inflation and lower average salary increments. According to the survey, employees will get 4.9 percent more increment after adjusting for inflation. Which is much higher than 4.2 percent in 2023. Also in terms of post-Covid increments, financial institutions, engineering, automotive and life sciences are likely to see the highest salary hikes. While the retail, technology, advisory and service sectors are expected to see the lowest salary increases.

More increment will be available in this sector

According to the survey, this year employees can get an average salary hike of 11.1 percent in NBFCs, 10.1 percent in manufacturing companies, 9.9 percent in life sciences and financial institutions, 9.8 percent in global capital centers, e-commerce and 9.2 percent. IT Services. 8.2 percent is likely to increase. The survey analyzed data from 1414 companies across 45 industries. In which the highest salary increase is happening in India. Salaries increased in Bangladesh with 7.3 percent and Indonesia with 6.5 percent.

Global recession has affected

The global recession has affected several sectors and is causing companies to lay off. The survey claims that the attrition rate has dropped from 21.4 percent in 2022 to 18.7 percent in 2023. In the future, the impact of artificial intelligence on jobs and salary increase will also be clearly seen in this survey. It has been claimed that India is at the forefront in terms of new technology.

Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se
Read more