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BT-Time for a Trim-2009
Living Media India Limited (India Today), Feb 2009, Pages: 2
With job creation at a standstill and job protection being the prime concern, talk of salary hikes sounds out of place. But knowing how well you are paid compared with your peers in other industries will help.
Four factors govern the salary hike in any organisation. These are: individual performance, company performance, company’s future business plans and current inflation rate. Of these, two—company performance and its plan—are dogged by downturn and uncertainty. Inflation, after a spike, has begun to fall and is likely to fall below 5 per cent in the next two months.
The Sixth Quarterly BT-Omam Consultants Survey of junior manager salaries, which covers managers with an average experience of three to seven years, across a range of 14 industries and 101 companies, reveals that the going has been good in 2008 in sectors like automobiles, FMCG, telecom and IT. The lowest paying sectors, according to the survey, were textiles, engineering and real estate (See Industry Percentile). “Telecom, FMCG and consumer durables sectors will come out on top in offering higher salaries and increments,” says Kris Lakshmikanth, Founder CEO, The Head Hunters...
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