DA Hike Latest Update: According to the survey, India will have the greatest pay increase in the Asia Pacific area in the new year. Wage growth in Vietnam is anticipated to reach 8% in 2024, 6% in China, 5.7 percent in the Philippines, and 5% in Thailand.
DA Hike Latest Update
DA Hike Latest Update: Employees Salary Increase 2024: There is excellent news for lakhs of private sector employees. Employee salaries might rise by up to 9.8 percent by 2024. Willis Tower Watson’s (WTDW) recently issued ‘Salary Budget Planning India Report’ provided this information. Previously, earnings for Indian employees were expected to rise by 10% in 2023.
Know what WTDW’s survey report says
DA Hike Latest Update: Actually, there is very little time left for the new year to begin. As a result, talks have begun on how much salary will grow for workers in 2024, and some agencies have begun making forecasts through polls. According to the ‘Salary Budget Planning India Report’ recently issued by Willis Tower Watson (WTDW), enterprises in India would boost their wages by 9.8 percent in 2024, which is closer to 10 percent actual growth in 2023.
How was the survey done in research?
DA Hike Latest Update: The poll was done in April and May 2023, and about 32,512 answers were collected from firms across 150 countries. The poll has 708 participants from India, and 7,372 organizations from 22 markets in Asia Pacific replied. According to the survey, India would have the greatest pay increase in the Asia Pacific area in the new year. Wage growth in Vietnam is anticipated to reach 8% in 2024, 6% in China, 5.7 percent in the Philippines, and 5% in Thailand.
How much salary can increase in which field?
- According to the WTW Wage Budget Planning Report, employers may raise their wage budget by 10% next year owing to tight labor market circumstances and high inflation.
- Employees in the technology, media, gaming, financial services, and retail industries are projected to profit the most from this; their salaries may climb by 10%.
- This year, the wage rise in the Banking, Financial Services, and Insurance (BFSI) sector was 9.8%, while the salary increase in the retail sector was 9.8%.
- The prediction for their next year is 10%, while salaries in the captives industry may climb by 9.9% next year, compared to 9.8% this year.>