India will see a 10 % salary increase in 2019, according to the Q3 2018 Salary Budget Planning Report released by Willis Towers Watson, the global advisory, broking and solution Company. It is the highest among all countries in the Asia Pacific region. The report also projected salary increase for China at 6.9%, Singapore at 4% and Indonesia at 8.3%. The report looks at a range of job grades across various industry sectors and is designed to provide companies with guidelines for their annual salary forecasting for the year 2019.
Sharing his perspective pertaining to the figures by SambhavRakyan – Data Services Practices Leader, Asia Pacific at Willis Towers Watson Said, “India continues to show high salary increments compared to other countries in the Asia Pacific region and this can be attributed to the steady economic growth, progressive reforms and cautious optimism across sectors. However, given the decreasing pattern in the year-on-year salary increase, Indian employees could very well see a single-digit salary increase in 2018 for the first time since 2011.”
Although salaries in India are seeing a declining pattern in the year-on-year increases, India’s projected salary for 2019 still remains the highest in the Asia Pacific region.