A recent study found that, salaries are expected to increase by 10.5% across industries in 2016. The salary forecast for 2016 is similar to the salary hike for the year 2015 as per the survey. Higher salary increases may expected for Life sciences, IT and Chemical industries.
There will be low salary increases for consumer, Auto and Shared Services. The survey also found that nearly 48 per cent of these companies are expecting to increase their head count. The survey was conducted among 700 companies across industries.
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