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India Leads Salary Growth Forecast in Asia – Korn Ferry 2019 Salary Forecast

Korn Ferry

According to a Korn Ferry forecasts salaries in India are expected to increase by 10.0 percent in 2019 as compared 9.00 percent last year. Inflation-adjusted real-wage increases are expected to be 5.0 percent in 2019, up from 4.7 percent last year.

Navnit Singh, Chairman & Regional Managing Director, Korn Ferry India said, “Consequent to rapid economic growth, India continues to enjoy the highest overall salary increases and real-wage growth in Asia. While inflation indices are a solid benchmark for reviewing market trends in pay, we recommend that companies take a broader perspective to define their business strategy and cost drivers in view of increasing automation, use of new technology and the rising demand for skilled workers. Compensation programs need to be regularly reviewed to make sure they align with changing business and market conditions.”

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Jyoti Gazmer

A Mass Comm. graduate believes strongly in the power of words. A book lover who dreams to own a library some day. An introvert but will become your closest friend if you share mutual feelings about COFFEE. I prefer having more puppies over humans.

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