2024 Indian company salaries predict an average 9.6% increase, with e-commerce leading at 10.9% and attrition dropping to 18.3%.

The EY 'Future of Pay 2024' report predicts that Indian companies will offer an average salary increase of 9.6% in 2024, similar to the actual increase in 2023. E-commerce is expected to have the highest salary growth at 10.9%, followed by financial services with a projected growth of 10.1%. The overall attrition rate dropped to 18.3% in 2023 from 21.2% in 2022 and is expected to decline further in the coming years.

March 06, 2024
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