Report Predicts 30-40% Pay Hikes for Emerging Skills and Leadership Positions in 2025
Annual salary increases this year are anticipated to be between 6 and 15 percentages based on the industry and job and the new skills that are emerging will see rises of as high as 40 percent. Rapid digital transformation and expansion in the banking, financial Services and Insurance industries will increase the demand for experts who have specialized expertise.
Report Predicts 30-40% Pay Hikes for Emerging Skills and Leadership Positions in 2025
Corporate India is likely to experience annually increase in salaries between 6 to 15% this year, based on the type of industry, job cruciality, and specialty skills and the figure could reach up to 40 percent for emerging skills and crucial leadership positions as per Michael Page Salary Guide. The world's leading recruitment company stated that the job market in India has remained resilient over the last few months, presenting more opportunities across all sectors, when compared to early 2024.
"Annual salary hikes in India generally vary from 6-15 per cent, and salary increments for promotions typically range from 20-30 per cent, with leadership roles and emerging skill roles seeing hikes of 30 to 40 per cent," the report stated.
Over a dozen brand-new global private equity and venture capital, sovereign real estate, infrastructure funds have diversified their operations to India which demonstrates India's increasing significance in the global investment scene the report said.
More than a dozen global sovereign, appraisal, private equity, real estate, venture capital and infrastructure-related funds have widened their operations to job market India which demonstrates India's increasing significance on the international investment landscape the report said.
The Banking, Financial Services, and Insurance (BFSI) sector continues to fuel demand for specialists across a range of areas, including finance, risk management technology, compliance, and risk management.
Agarwala added that "... If you are looking for an increase in your salary and a steady increase in your income you must be a specialist in the expertise. This is exactly precisely what market looking for. The market is not searching for generalists with only a bit about everything.
