As companies in India grapple with both global and locale challenges, companies are facing dilemma between- Manage compensation budgets and salary increasing in 2025 OR FOCUS Overrun. According to Deloitte india'S Talent Outlook 2025 Report, The Average Salary Increment for the Coming Year is Expected to Be 8.8%, Slightly Lower Than the 9.0% Seen in 2024.
With many organizations focusing on optimizing costs amidst a period of MUTED Revenue Growth75% of Companies are either reducing or maintaining their pay increases at the same level as last year. While Sector Like Consumer Products Anticipate a Significant Reduction in their increase budgets, Most Industries Are Eiter Stabilizing or Slightly LOWERING ARECREMENT LOWERING ARE EITRE SLEHER SLIHER SLIHER SLIHER SLIHER SLIHER SLIHER Slight Year.
“In an environment where companies are witnessing mutters, compensation budgets are naturally coming under pressure. Increases without adversity affected talent outcomes. Tripathi, Partner at Deloitte India Told News Agency Pti.
The report, which surweeyed over 500 decision-makers from company Across Seven Sectors, Alaso Reveled that Top Performers Can Expect A 1.7 Times higher increment the average perfeorsers, thougher Slightly lower than the previous year. Additional, Employees in Individual Contributor and Junior Management Roles May See Increments 1.3 Times Higher Than Thos in Top Management Roles.
One-Third of Companies Expect Feeer Promotions in 2025, with the overall percentage of employees receiving promotions projections projections projection to stay at 12%. Despite these adjustments, Nearly 80% of Companies Are Still Optimistic About Hiring and Plan to increase their headcount in the company.
While Organizations are Making Strides in Adopting Data-Driven Approaches to upskilling, the report highlighted that half of the companys still lacked or regularly updated Competency Frameworks Frame Effectively identify talent capability gaps.
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