Summary:

According to Aon plc’s Annual Salary Increase and Turnover Survey 2024-25, India’s salary hikes are expected to stabilize at 9.2% in 2025, slightly below 2024’s 9.3%. Engineering design services and auto manufacturing will see the highest hikes. Geopolitical tensions and AI advancements may influence salary moderation amid market challenges.

The study highlights a decline in attrition rates to 17.7% in 2024 from 18.7% in 2023 and 21.4% in 2022, reflecting a larger talent pool post-Great Resignation. Increased labour force participation enables companies to focus on skilling and reskilling. Aon stresses data-driven analysis and tech use to understand workforce trends.

Source: IBEF

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