AON CONSULTING
India Inc to give 9.1% pay hike in 2027, almost similar to 2026: Aon
In 2027, employees across India Inc are projected to enjoy a salary boost of 9.1%, as reported by Aon Plc. However, the attrition rate has surged to 18% in 2026, a significant rise from previous years. Non-banking financial firms are anticipated to lead the charge with a 10.1% wage increase.
Planning a job switch? These sectors may see the biggest salary hikes in 2027
Salaries in India are projected to increase by 9.1% in 2027 after a 9% rise in 2026. Non-banking financial companies are expected to lead in salary growth with an increase of 10.1%. Employers face challenges in retaining talent amid rising attrition rates and the implementation of the Wage Code. AI skill demand is growing as companies adopt AI productivity tools at a significant pace.
IIT, IIM paychecks hit pause as median campus salaries stay flat for Class of 2027
IIT graduates from the Class of 2027 are expected to see median compensation remain flat at Rs 16.46 lakh per annum, while top IIM packages are projected to hold at Rs 26 lakh, according to Aon’s Campus Study Report. Tier-1 engineering and management colleges, however, are expected to see increases as employers become more selective and focus on skills and job readiness.
AI is pushing India campus hiring towards skills and job readiness
India’s campus hiring market remains resilient, but employers are becoming more selective, with demand concentrated in specialised skills, internships and job-ready graduates, according to Aon’s 2026-27 study. Hiring is expected to rise most for CA/CS graduates and interns, while campus pay is projected to increase modestly and internships remain a key route to full-time roles.
Aon strikes $17 billion deal for rival USI Insurance Services
Aon will purchase rival USI Insurance Services for seventeen billion dollars. This acquisition aims to strengthen Aon's position in the middle-market segment. The deal highlights increasing consolidation within the insurance brokerage industry. USI, founded in nineteen ninety-four, offers various insurance and consulting services. The transaction is expected to finalize in the fourth quarter of twenty twenty-six.
Aon appoints Rishi Mehra as head of India
Working closely with Jon Pipe, CEO of Aon India Insurance Brokers, and Nitin Sethi, CEO of Aon Consulting, Mehra will bring together the collective capabilities across risk, health, wealth and talent consulting under a single leadership model, said a statement issued by Aon.
Salary hikes likely to remain flat this year
Engineering firms and non-banking financing companies (NBFCs) are likely to give hikes of over 10%, according to Aon. This set is followed by automobiles, financial institutions, fast-moving consumer goods (FMCG), tech platforms & products, professional services and global capability centres (GCCs), where increases are seen in the 9.5-9.9% range. Key sectors that see increases slowing include ecommerce (to 9.2% from 9.6%), retail (8.4% from 9.2%), startups (8.5% from 9%), and tech consulting & services (8.2% to 9.1%).
Amid AI frenzy, HR wish list to bridge tech-people gap
The chatbot-human facilitator to bridge the gap between technology and people is one of the top items on the HR wish-list of India Inc. It also includes other HR-centric profiles to deal with the new realities of a hybrid workforce and the changing dynamics of employee wellbeing that bring in a new set of challenges.
Financial services battle flight of talent to lucrative sectors
The Aon analysis also showed that overall attrition in the banking segment is 24.7% between January and September, with domestic banks showing 30.6% attrition and foreign banks 16.3%. Fintech players also contributed to high attrition levels of 27.4%. Wealth management players, too, saw a significantly high number of employee departures at 26.4%, while investment banks saw exits at 21.8%. The lowest exits in the BFSI space were recorded with asset management companies at 16.3%.
Aon India's senior executives quit firm to join Deloitte
Anandorup Ghose, a partner and the head of emerging markets at Aon, who also headed its performance, rewards and organisation practice, has resigned after a nearly 14-year stint and joined Deloitte. A team of 15-plus consultants including three directors have left with him.
Is automation driving jobs away from humans?
Sectors like manufacturing are among the worst-impacted.
Here is how India Inc’s top guns are getting paid
A pay package of Rs 2 crore on average is the new normal for CXO level roles in large companies across sectors, according to Aon Consulting research shared exclusively with ET.
Companies look to reinvent employee performance evaluation: Survey
Not many have noticed it yet, but companies have effected major changes in appraisal systems in last 2-3 years, a study by consulting major Aon says.
Aon Hewitt spots talent in CoCubes, acquired for Rs 70-80 crore
Aon Hewitt, a solution provider in selection and assessment, helps organisations make better hiring decisions and improve performance by predicting the success
Aon Hewitt acquires India's CoCubes
With this transaction, Aon Hewitt adds two million assessments to its existing global portfolio of 20 million assessments spread across 164 countries.
Average salary increase across sectors likely to be 10.3 per cent: Aon Hewitt
The average salary increase across sectors in India this year is likely to be 10.3%, Aon Hewitt, the management consulting unit of Aon Plc, said on Wednesday.
Aon partners N R Narayana Murthy's firm Catamaran Ventures for insurance broking JV
Aon had in 2003 partnered with Global Insurance Services -an insurance consultancy firm promoted by Prabodh Thakkar.
Fitternity raises Rs 6.3 crore to get fitter
Mumbai-based Fitternity, which aims to be the ‘Zomato for fitness’, marks its first institutional investment with this round of funding.
Aon Corp to buy Hewitt for about $4.9 billion
Aon plans to integrate Hewitt with its consulting and outsourcing operations and sees annual revenue of $4.3 bn for the combined entity. Gainers & losers
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