AON PLC
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.
Wall street bets on shielding Indian real estate from climate disaster
Climate resilience is emerging as a new measure of value in India's realty market. Investors are pouring money into infrastructure to protect rental income and asset values. This reflects a broader shift unfolding across India's significant real estate market. Capital is migrating toward buildings that can withstand a hotter, wetter climate. Climate risk now informs investment theses for many companies.
Corporate India likely to offer 9.5 pc salary hike in 2025: Survey
Salaries in India are forecasted to increase by 9.5% in 2025, driven by a positive business outlook in sectors like engineering, manufacturing, and retail. Financial institutions are also expected to see significant salary hikes. Attrition rates have decreased, providing companies an opportunity to focus on internal talent development and long-term productivity.
Bankers in India to get higher salary increases than Singapore, Hong Kong
India's finance professionals are set for significant salary hikes in 2024, outstripping Hong Kong and Singapore. Major firms like HSBC Holdings Plc are expanding operations in India, reflecting the nation's economic growth and wealth management potential.
India Inc likely to give 9.5% average pay hike in 2024: Aon
This year’s pay hike would be slightly lower than 2023's 9.7% amid tepid sentiment in sectors like tech consulting and services, ecommerce, retail.
Tech sec, be more gender-savvy
The technology sector in India faces a gender pay gap of 28-30%, with a higher disparity of 18-20% in junior management, according to an Aon PLC report. This gap is notably high by global standards, contributing to India's position at 127th out of 146 countries in the 2023 Global Gender Gap Index.
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Tech sector, be more gender-savvy
A new Aon PLC report shows that the unadjusted gender pay gap in the tech sector in 2023 is 28-30%, while in junior management, it is 18-20%. Another study by Xpheno for ET shows that the percentage of female engineers in the higher salary bracket is significantly lower than that of male engineers in the same experience level and identical job roles. So much for tech being savvy.
Double digit salary hikes for India Inc employees in 2023
Executives are likely to get an average of 10.3% salary hikes this year, a tad lower than an actual increase of 10.6% in 2022, according to the survey. While the attrition rate on an average in 2022 across 1400 companies surveyed by Aon in India is 21.4%, the highest ever since 2009.
Average CEO compensation in India up 21% in last 4 years
India's senior executives including chief executives are likely to get a 9.1% average salary hike in 2023 compared to 9.7% in 2022 and 7.9% in 2021, according to Aon's 12th annual salary survey. The average chief executive compensation in 2023 is Rs 8.4 crore, according to Aon that mapped about 150 CEO data points. It has increased by 21% in the last four years, higher than pre-COVID years.
Want employees to stay on? Get to know them from day 1, conduct ‘entry & stay interviews’, advises Adam Grant
Looking to reduce employee attrition rates? The key is to ask the right question at the right time, suggests Grant.
India Inc to give double-digit salary hikes in 2023, survey shows
Pay hikes on an average in India are likely to increase by 10.4% in 2023, compared to an actual increase of 10.6% to date in 2022, which is slightly higher than the 9.9% increase projected in February, according to a survey by Aon plc, a global professional services firm. Aon has released insights from its latest Salary Increase Survey in India which analysed data across 1,300 companies from over 40 industries in India.
Salaries in India expected to increase 9.9% in 2022, highest in five years: Aon Survey
According to the survey, which analysed data across 1,500 companies from more than 40 industries, this is the highest hike in the last five years. The industries with the highest projected salary increases are e-commerce, venture capital, hi-tech/IT, IT-enabled services (ITeS) and Life Sciences.
RIL gives 10-12% increment to staff in FY22 after cuts, roll back in FY21
In April 2020, the company had announced a pay cut of 10% for employees earning more than ₹15 lakh in its petrochemicals business and froze increments in other businesses in response to the disruption in business due to the Covid-19 pandemic.
Average salary hikes in India may hit pre-pandemic levels for FY2022
The actual pay hikes given by 1350 companies in FY 2021 is 8.8%. But now given the buoyancy, swift recovery, pent up demand and aggressive vaccination drive, companies are likely to come back to pre-pandemic pay hikes, according to Roopank Chaudhary, partner in Aon’s human capital business.
Warren Buffett's Berkshire pares drug holdings, sheds Axalta, Biogen
In the second quarter, Berkshire said it exited a $180 million stake in Biogen Inc and reduced investments in Abbvie Inc, Bristol-Myers Squibb Co and Merck.
Buffett's Berkshire buys Aon, slashes Chevron and Wells Fargo
Buffett is "likely shoring up reserves" for a major acquisition, said Doug Kass, a principal at Seabreeze Partners Management LLC in Palm Beach, Florida. "He is clearly in no rush and is sitting on his hands, awaiting the right pitch."
Blackstone in talks to merge Alight with blank-check acquisition firm: Sources
The deal talks come more than a year after Blackstone canceled an initial public offering (IPO) of Alight as it was about to raise up to $800 million, amid concerns that it would not fetch the terms it was seeking.
Resilient India Inc. bets on recovery, 87% to give salary hikes in 2021: Aon Survey
Among the organisations that are considering giving increments in 2021, 61 per cent of these plan to offer increases between 5 per cent and 10 per cent (projected) compared to only 45 per cent handing out hikes in 2020 in the same range.
SoftBank-backed Oyo to offload more loss-making hotels amid pandemic: Sources
The hospitality sector has been one of the worst affected by the coronavirus outbreak, with global and domestic travel coming to a near-halt.
E-commerce, professional service firms projected to offer biggest pay hikes in 2020: Survey
The average pay hike given by cos in 2020 will be 9.1%, 20 bps or 0.2% down from 2019, as per the Aon survey.
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.
Top five sectors to witness a salary increase in 2016
Though there is nothing great projected for Indian companies this year, there is still a reason to celebrate for some of the sectors.
Bandhan Financial Services seeks final nod from Reserve Bank of India to set up bank
The fresh investment would raise Bandhan's capital base to Rs 3,200 crore, against the minimum capital requirement of Rs 500 crore.
90 per cent of Bandhan's lateral recruitment from private banks
The sliding stock of state-run banks is getting stark. Public sector banks which used to be the talent factory for private sector banks are losing their status.
London’s low taxes, vast talent pool lure foreign corporates
Even as its financial services industry retrenches, 45 foreign cos moved their global or regional HQs to London last year.
Plan to get 100 Indian firms under 'Healthy Workplaces'
An effort to get 100 Indian companies under the category of "Healthy Workplaces" by 2016 was announced by a global health non-profit organisation.
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