NEW DELHI: Shifting jobs this increment season will likely be a profitable choice. The common annual wage improve for senior executives this 12 months is anticipated to be within the 7-12% vary, whereas it might be a lot greater round 15-25%, if one is shifting jobs.
At junior ranges too, common increment is anticipated to be greater round 25-40%, solely when switching jobs.Whereas in current job, the common annual wage improve is anticipated to be round 7-20%.
Conventional industries are driving hiring exercise, with manufacturing and operations roles persevering with to be in excessive demand, says Michael Web page’s wage information for 2024. The main target this 12 months is on renewables, electrical autos, and automotive sectors, whereas demand for knowledge, generative AI, and machine studying professionals is rising throughout sectors, it provides.
A way of resilience and positivity extends throughout numerous sectors, with consumer-focused firms, renewables, finance, and healthcare flourishing, bolstered by investments from native and home firms, says Nicolas Dumoulin senior MD, India, Philippines, Thailand & Vietnam PageGroup.
At junior ranges too, common increment is anticipated to be greater round 25-40%, solely when switching jobs.Whereas in current job, the common annual wage improve is anticipated to be round 7-20%.
Conventional industries are driving hiring exercise, with manufacturing and operations roles persevering with to be in excessive demand, says Michael Web page’s wage information for 2024. The main target this 12 months is on renewables, electrical autos, and automotive sectors, whereas demand for knowledge, generative AI, and machine studying professionals is rising throughout sectors, it provides.
A way of resilience and positivity extends throughout numerous sectors, with consumer-focused firms, renewables, finance, and healthcare flourishing, bolstered by investments from native and home firms, says Nicolas Dumoulin senior MD, India, Philippines, Thailand & Vietnam PageGroup.
