{"id":24143,"date":"2022-02-16T17:34:38","date_gmt":"2022-02-16T12:04:38","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-salary-mercer\/"},"modified":"2022-02-16T17:34:38","modified_gmt":"2022-02-16T12:04:38","slug":"biz-salary-mercer","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-salary-mercer\/","title":{"rendered":"Cos reverting to pre-pandemic levels of incentives; average  increment to be 9% this year: Survey"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3911953418\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> New Delhi, Feb 16 (PTI) After a brief dip in 2020, organisations are reverting to pre-pandemic levels of investment in incentives and the industry average for increment this year is expected to be 9 per cent, a survey said on Wednesday.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2473551016\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> According to Mercer\u2019s Total Remuneration Survey, which was conducted with 988 companies, around 5,700 job functions and over 14 lakh cumulative employee strength, sectors such as consumer, life sciences and technology have all forecasted increments to be higher than the industry average in 2022.<\/p>\n<p> &#8220;A key positive is that organisations across the board are reverting to pre-pandemic levels of investment in rewards, expected to be at about 9 per cent for all industries in 2022, compared to 7.7 per cent in 2020, signalling positive economic and business sentiment,&#8221; said Mansee Singhal, Sr Principal, Rewards Consulting Leader India.<\/p>\n<p> Across all employee categories, increments in tech were back to 2019 levels of 9 per cent and higher than all industries average of 8 per cent for 2021.<\/p><div class=\"trade-content_5\" id=\"trade-2882337881\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> Key specializations which command a premium are Software Development, R&#038;D, pre-sales product consulting and Data Sciences to a tune of 12 per cent within the Internet job family, the survey added.<\/p>\n<p> &#8220;The Total Remuneration Survey overwhelmingly confirms that technology-related skills will be rewarded with a high premium in the current and next few talent cycles till some sort of correction sets in,&#8221; Singhal added.<\/p>\n<p> The survey also found that the salaries for new hires across tenure continued to remain highly competitive with the Premium for last 1 year joiners across levels, more prominent at mid to senior managerial roles.<\/p>\n<p> Also, due to the infusion of campus talent at the entry level, there was higher investment in reward for Techno functional roles (especially in IT product organizations), the survey said.<\/p>\n<p> Salary trends across hierarchy designations are seeing volatile differentials. While a management-level employee in the manufacturing sector commanded a premium of 10.2 per cent, an executive in the sector is in fact witnessing lower than the level median pay, it added.<\/p>\n<p> From a location standpoint, while Bengaluru still commands a significant premium for software development engineering roles, average high-tech salaries in Delhi and Mumbai have started showing an upward trend due to the majority of the Internet \/ e-commerce companies being based out of these two locations.<\/p><div class=\"trade-content-10\" id=\"trade-1289625165\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> &#8220;The differentials of salaries basis skills, locations and performance will continue to challenge HR leaders as they look to do more with their rewards budgets,&#8221; Singhal said. PTI DRR  RUJ RUJ<\/p>\n<div class=\"trade-after-content\" id=\"trade-2880612117\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Feb 16 (PTI) After a brief dip in 2020, organisations are reverting to pre-pandemic levels of investment in incentives and the industry average for increment this year is expected to be 9 per cent, a survey said on Wednesday. According to Mercer\u2019s Total Remuneration Survey, which was conducted with 988 companies, around 5,700 [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-24143","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cos reverting to pre-pandemic levels of incentives; average increment to be 9% this year: Survey - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-salary-mercer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cos reverting to pre-pandemic levels of incentives; average increment to be 9% this year: Survey\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Feb 16 (PTI) After a brief dip in 2020, organisations are reverting to pre-pandemic levels of investment in incentives and the industry average for increment this year is expected to be 9 per cent, a survey said on Wednesday. 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