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Manufacturing, infrastructure and real estate sector employees are enjoying the highest salary increments this year.
According to a Deloitte India Compensation Trends Survey, these sectors have reported 15 per cent salary increment figures for 2012 – 2013.
The financial services sector has been the most conservative in increment projection at 10 per cent and overall median salary increase across sectors is 12 per cent.
The report by the human capital advisory firm, conducted across 142 companies in India, gives an indication of variable pay trends too.
The overall variable pay (as a percentage of CTC) across sectors is 16 per cent. The frequency of payout is annual for majority of companies. However for sales staff, the payout is observed to be monthly or quarterly.
Attrition in pharma, healthcare and life sciences, has been the highest at 22 per cent, followed by ITeS, media and advertising at 16 per cent. The overall attrition across industries is 13 per cent.
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