Appraisal time folks! So what is your pay hike going to be?
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| India pay hike infographics for the year 2013 |
We had said "For example, an employee might get a 10 percent rise in his monthly salary – giving the impression that he or she is better off. However if inflation is also rising at 10 percent, in real terms there has been no growth in income. If inflation now rises to a higher 12 percent, there is a shrinkage in income by 2 percent in real terms!"
Now, we tell you what that magical pay hike figure for you is going to be this year. Omam Consultants Private Limited came out with these figures and we present it to you in an easy list as always. :-)
To make things look good, we are also incorporating our first infographic here for you to view and share. Just another step from our stupid team to make things easy!
To make things look good, we are also incorporating our first infographic here for you to view and share. Just another step from our stupid team to make things easy!
Industry wise 2013 and 2012 pay hike percentages, India. (The comparison is to just rub it in)
Banking - 13% (2013) Was 15% (2012) - Lesser hike but the best among all industries
Durables - 12% (2013) Was 14% (2012) - Going down
FMCG - 12% (2013) Was 15% (2012) - Hmmm. Are those 1000 spray guaranteed numbers not selling?
Pharma - 12% (2013) Was 15% (2012) - Going down again. Need that aspirin
Auto/ Tyre - 11% (2013) Was 13% (2012) - Jack up the fuel rates some more bozos! Darn!
Telecom - 10% (2013) Was 11% (2012) - After all those crazy bills and random service activations?
IT/ITES - 10% (2013) Was 12% (2012) - Hope at least the bench is emptying, no?
Chemical - 10% (2013) Was 12% (2012) - Chemicals going to be cheaper? Stop grinning perverts!
Realty/ Infra - 10% (2013) Was 12% (2012) - Hey how come we didn't get 12% last year??? Hey!
Insurance - 10% (2013) Was 14% (2012) - A 4% decline? Maybe the claims are being finally settled?
Retail - 10% (2013) Was 14% (2012) - Another 4% decline folks. Not good.
Engineering/ Shipping - 9% (2013) Was 11% (2012) - 2% less? Abandon Ship!
Steel - 8% (2013) Was 10% (2012) - And the prices still do not come down. Something is amiss.
Manufacturing - 8% (2013) Was 10% (2012) - We think that should not be coming down. Bad for all above!
India Pay Hike Average - 10.4% (2013) Was 12.7% (2012) - That is more than a 2% decline!
We wonder how many of these people are going to buy properties this year. Looks like another year full of tight weekends, lesser dates, no vacations and no incentives for us poor real estate guys. But there is that 10% hike expected which is not so bad. And that X Box at home on weekends can save some money. Last year, we sneaked that thing into office, there was so much work to do. LoL!
Cheers!
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