People working in the manufacturing, infrastructure and real estate sectors will get the highest salary increments this year. According to the Deloitte India Compensation Trends Survey, these sectors have projected 15 per cent salary increments for 2012–2013.

The financial services sector has been the most conservative in increment projection, at 10 per cent. Overall median salary increase across sectors is 12 per cent.

The report by the human capital advisory firm, conducted across 142 companies in India, gives an indication of variable pay trends too.

The overall variable pay (as a percentage of cost to the company) across sectors is 16 per cent. The frequency of payout is annual for majority of companies. However, for sales staff, the payout will be monthly or quarterly.

Across all industries, the variable pay has reduced most for top management by 2.5 percentage points and the highest payout is expected to be at 30 per cent as compared to 41 per cent last year.

Attrition in pharma, healthcare and life sciences has been the highest, at 22 per cent, followed by ITeS, media and advertising at 16 per cent. The overall attrition across industries is 13 per cent.

Although, this year, India has shown strong growth fundamentals, it faces challenges in the form of a volatile global market coupled with issues of fiscal consolidation and upside risks of inflation expected from fiscal slippage, currency depreciation and commodity shocks, said Mr Thiruvengadam P, Leader, Human Capital Advisory Services, Deloitte in India.

anjali@thehindu.co.in

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