Overall Salary increase expected - 10.3 % Industry-wise projections Pharmaceutical - 13.5% Life Sciences - 13.1% Medical Devices - 12.6% FMCG Sector - 12.3% Consumer Business - 11.8% BFSI Sector - 10.2% ITES Sector - 10.1% IT Sector - 9.6% Salary hikes compared to 2012 Projected hikes are slightly less than 2012. Attrition compared to 2012 Attrition level has come down in 2013, compared to 2012 Gap between Best & Rest 2013 salary projections show that gap between the talented employees (Hi-Pots., Hi-Performers and Critical Talent) and the rest of the employees is widening. The talented employee are expected to get an average hike of 14.1%. Country-wise average salary-hikes Venezuela - 25.6% Argentina - 24.2% Vietnam - 12.6% Tanzania 10.6% India - 10.3% China - 9.3% UK - 3% USA - 2.7% Sources: 1. Salaries set to rise over 10% this year: Survey, TNN Feb 21, 2013 2. Indian IT to give smaller salary increments in 2013: Report, TOI Feb...
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