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Professionals anticipate moderate to low pay hikes this year
worldprwire
Professionals are forecasting moderate pay raises during the annual appraisal cycle this year, with 46% of respondents expecting increments to range between 6% and 15%, as per a Snap Poll conducted by HeadHonchos.com, India's premier job search & career portal, exclusively for senior professionals. While nearly one-fifth or 19% of the respondents who participated in the HeadHonchos' Poll expect salary increments of over 15% this year, a significant 35% believe that they will not receive increments at all or that salary increases will be less than 5% in their organisations. Commenting on the poll results, Mr. Uday Sodhi, CEO, HeadHonchos.com said, "Appraisals are a highly anticipated event amongst professionals. While as a rule those who deserve good salary hikes will get them, employers have adapted to the changing business environment. The focus for most employers continues to be on performance-linked reward & recognition systems, often through compensation packages that hav
e a
high variable component." *The results are based on a snap poll of over 230 professionals. This is in keeping with trends in recent years that have seen increments in the 11-13% band, as well as the growing importance of variable pay and performance-linked bonuses. While high performers continue to be valued, organizations have balanced the need to incentivise employees with growing pragmatism. The rightsizing of expectations by management professionals clearly reflects a sense of realism as they adapt to the post-2008 years.Notes to EditorAbout HeadHonchos.com HeadHonchos.com is India's premier job search & career portal, exclusively for senior professionals. It has been founded by ABC Consultants, the pioneer of organized recruitment services in India, with a vision to redefine senior recruitment and to offer experienced professionals a robust online model that addresses their specialized job search requirements. HeadHonchos.com provides comprehensive listings of authent
ic,
senior level jobs across industries and locations, as well as a range of specialized services that facilitate senior job search. Specialized career management services by HeadHonchos include Executive Resume Writing, Career Assessment tools, Executive Education and Executive Coaching.Read more on IndiaPRwire.com

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