Top talent may get 25-30% hike to stay on: TimesJobs survey

April 12, 2015 12:51

Top performers are in for rosy days as they are likely to bag up to 30 per cent increment this year as companies try to limit high attrition rates amid rising employee expectations and a buzzing job market.

According to the latest survey by TimesJobs.com, top performers may get 25-30 per cent hike this year to "stay on" in the company while the average salary increment may work out to 10-13 per cent this year across industries.

"While average performers are expecting a 10-15 per cent hike, top performers could be getting 2-3 times these average increments, in order to stem attrition," TimesJobs.com COO Vivek Madhukar said.

The survey further said hiring activity has shown a considerable month-on-month increase over the past 4 months.

This trend is only going to gather pace in future.

"While corporates are hiring for growth and expansion, this positive sentiment does not seem to reflect in their internal appraisal processes. Companies should be prepared for higher employee churn as employers poach talent from one another due to this mismatch," Madhukar added.

The biggest hikes are likely in the e-commerce sector, which is expected to roll out the most generous appraisals (average 13 per cent) to retain top talent, reveals the survey.

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