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Indian workers are expecting to see an average salary boost of 9.7% this year, slightly higher compared to 2018. So reports Business Standard.

Meanwhile, highly valued employees anticipate a 15.6% increase.

Employers are targeting performance and productivity. The forecasted 9.7% increase stems from an annual salary survey conducted by Aon, a human resources consultant, which notes that companies expect solid economic growth, strong domestic demand and low inflation.

The Aon survey encompassed more than 1,000 firms from more than 20 industries and noted a 9.3% and a 9.5% increase in salary in 2017 and 2018, respectively. From 2010 to 2016, salary increases averaged in the double-digits. “Pay increases are marginally positive, compared to earlier years,” says Anandorup Ghose, partner and head, emerging markets, Aon. “A big highlight is the reducing difference in pay increases across industries year-on-year. A lot of the pay increase decline is also reflected in the constant drop in voluntary attrition levels across industries.”

Read the full article from Business Standard.

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