Projected Average Salary in 2024

SAN DIEGO - April 25, 2024 - PRLog -- The job market in India is showing positive signs for employees in 2024, with average salary in 2024 expected to remain stable in the high single digits. Several reports from leading firms like EY and Aon paint a picture of a growing economy with a continued talent war.

• Average Salary Increase: Reports predict an average projected salary increase of around 9.5% to 9.6% for Indian employees in 2024. This follows a similar trend in 2023.
• Specific Salary Increases: While data is still emerging for specific roles, some sectors like Information Technology are expected to see even higher bumps. Resources like the Michael Page Salary Guide offer valuable benchmarks for various positions.
• Salary Hike and Projections: The focus for employers seems to be on retaining talent while managing costs. Attrition rates are expected to decline slightly, with companies prioritizing employee well-being alongside strategic compensation planning.

Overall, the outlook for 2024 salary hike in India suggests a continuation of the growth trend observed in recent years. It's important to note that these are national projections, and salary increases can vary depending on factors like industry, experience, and location.

Individuals seeking jobs or considering a career change are advised to conduct further research into their specific field and leverage 2024 salary increase projections reports for informed decisions.

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