Oil and gas, GCCs to lead pay hikes as India Inc eyes 9% median salary increase

According to Korn Ferry’s latest India Compensation Survey, the highest salary increments are expected across the oil and gas (9.8%), GCCs (9.5%), life sciences and healthcare (9.5%), and construction and materials (9.5%) sectors.Other sectors with above average increases include consumer goods (9.4%) and retail (9.1%).By contrast, IT services is expected to see a 7% increment, underscoring continued margin pressures and cautious hiring sentiment amid global technology recalibrations.Rather than broad-base ...