Personal development, work-life balance top reasons for Indian employees to stay with company: Survey
The ratio between salary Increases and GDP growth rates have always been in the range of 1.2X -1.4X for major global economies in the world. The ratio for India is gradually merging with the global line – a sign of the reducing froth in this segment
Over the years, with the shrinking compensation budgets, companies are increasingly taking into account the base effect e.g. pay increases for the top and senior management, which is consistently going down. Image source: Reuters