Salaries in India likely to increase by 10.3% in 2023: Survey

New Delhi, 22/2: Salaries in India are expected to increase by 10.3 per cent in 2023, highest among major world economies and Asian peers, according to Aon plc.

In 2022, salaries in India witnessed an actual increase of 10.6 per cent.

 

As per Aon plc’s 28th Annual Salary Increase Survey in India, double-digit salary growth will continue in India despite economic volatility, largely as a response to high attrition rates.

 

At 21.4 per cent, the attrition rate in India for 2022 remained high – a consequence of an ever-changing talent strategy and the ongoing gap between supply and demand of talent.