India’s salary growth to slow further in 2025: Survey

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India’s salary growth to slow further in 2025: Survey - YourStory

Quick Summary:

Aon’s survey reveals a steady decline in salary hikes since 2022, when companies offered a 10.6% increase amid the Great Resignation, dropping to 9.7% in 2023, 9.3% in 2024, and a projected 9.2% in 2025.

This stability in workforce availability results from higher labour force participation, even as self-employment and entrepreneurship grow.“In a globally interconnected world, shifting governments, businesses, and workforce behaviours and expectations could impact the Indian economy and subsequently the local talent landscape,” said Amit Kumar Otwani, Associate Partner for Talent Solutions for India at Aon.

It is based on data from over 1,400 companies across 45 industries.