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Our Bureau

Bangalore , Sept. 6

WHILE US employees will see a nominal pay increase in their base salaries in 2006, their Indian colleagues are likely to enjoy about 14 per cent growth , with most of their increment coming from the fixed component.

According to the preliminary results of the Hewitt Asia-Pacific Salary Increase survey, Indian organisations have predicted the highest salary increase in the region (14 per cent increase), followed by China and the Philippines (8.1 per cent). Australian and Japanese companies are predicting prudent increases of 4.2 per cent and 2.8 per cent, respectively.

A similar survey covering more than 1,000 US organisations reveals that base pay increases for 2006 is likely to remain at 3.6 per cent, the same as last year. American companies will rely more on variable pay such as bonuses to attract and retain key people.

Mr Nischae Suri, Rewards Consulting Leader, Hewitt Associates, Asia, said that in India, the salary hike is likely to be more in the area of the fixed component, though Asian organisations too are strengthening their reward management practices and increasingly focussing on pay-for-performance to retain key talent and enhance overall productivity.

He, however, said the complete results of the annual survey, which measures salary increases and compensations practices, will be available in mid-October.

The survey covers 1,000 companies across 25 industries in five job categories: senior/top management, manager, professional / supervisor / technical, clerical / support, and manual workers.

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