Salary hikes: How much increment can you expect this year? Here's what a new report suggests
Indian businesses are projected to offer average salary increases between 6.2 per cent and 11.3 per cent this financial year, as companies adapt their workforce approaches with enhanced focus on skill certifications and performance-based engagement, according to a report released on Tuesday.
The TeamLease Services - Jobs and Salaries Primer 2025-26 report, cited by news agency PTI, indicates that while average salary increases will range from 6.2 per cent to 11.3 per cent across sectors, certain role-specific increments could reach 13.8 per cent.
"The projected salary growth, ranging from 6.2 per cent to 11.3 per cent, signals a broader realignment in India's job and wage landscape. As new-age industries scale rapidly, demand is shifting toward roles that combine technical capability with immediate business impact," TeamLease Services CEO - Staffing, Kartik Narayan said.
The analysis, incorporating data from 1,308 organisations across 23 industries and 20 cities, reveals highest salary growth expectations in EV and EV infrastructure (11.3 per cent), consumer durables (10.7 per cent), retail (10.7 per cent), and NBFCs (10.4 per cent).
Leading positions with maximum salary increases include Electrical Design Engineer (12.4 per cent) in EV & EV Infrastructure, In-Store Demonstrator (12.2 per cent) in Consumer Durables, Relationship Executive (11.6 per cent) in NBFC, and Fashion Assistant (11.2 per cent) in Retail.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Villas For Sale in Dubai Might Surprise You
Dubai villas | search ads
Get Deals
Undo
The study identifies significant improvements in blue-collar compensation, driven by increased infrastructure investments, expanding EV sector, and recovery in real estate and manufacturing.
Notable growth in blue-collar salaries includes mechanic (10.4 per cent), material handler (10 per cent), machine operator (9.9 per cent), and electrician (9.3 per cent).
"In the upward momentum in blue-collar wages even the traditionally stable roles like mechanic and material handler are seeing double-digit hikes.
We see this shift as a critical signal for employers to align hiring with new growth engines, and for job seekers to upskill toward relevance and resilience," Narayan said.
Companies are revising their workforce strategies, emphasising skill certification, retention, and incentive-based engagement amidst growing competition for skilled operational workers.
Specific roles in various cities show remarkable salary increases: Quality Control Inspector (13.8 per cent) in Pune, MIS Executive (13.4 per cent) in Hyderabad, Data Engineer (12.9 per cent) in Bengaluru, Electrical Design Engineer (12.6 per cent) in Mumbai and Sales Executive (12.4 per cent) in Gurgaon.
Sales and marketing roles lead functional areas with projected average salary increases of 9.9 per cent, followed by engineering at 9.5 per cent.
Other essential functions including finance, customer service and back office, blue collar, and HR and admin anticipate moderate increases between 8.2 per cent and 8.6 per cent, suggesting balanced growth across crucial business areas.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
26 minutes ago
- Hindustan Times
Air India cancels Singapore-Chennai flight due to technical issue
New Delhi, Aug 3 (PTI) Air India on Sunday cancelled its flight from Singapore to Chennai due to a technical issue. In recent days, some of the Air India planes have faced technical snags.(File/Reuters) The flight AI349 was to be operated with an Airbus A321. In a statement on Sunday, the airline said the flight AI349 scheduled to operate from Singapore to Chennai has been cancelled due to a maintenance task identified prior to departure which required additional time for rectification. "Arrangements are being made to fly the passengers to Chennai at the earliest. Hotel accommodation is being provided, and full refunds on cancellation, or complimentary rescheduling is also being offered to passengers based on their preference," Air India said. According to the airline, ground colleagues in Singapore are making every possible effort to minimise the inconvenience caused to the passengers due to this unforeseen disruption. In recent days, some of the Air India planes have faced technical snags.
Economic Times
26 minutes ago
- Economic Times
Piaggio expects L5 electric 3-wheeler penetration to reach 50pc by mid-2028
Small commercial vehicle maker Piaggio Vehicles is expecting L5 electric three-wheeler segment penetration in the domestic market reaching 50 per cent at the most by mid-2028, owing to a structural shift and other factors, a top company official has said. The company, which last month rolled out two new electric passenger three-wheelers -- the all-new Ape E-City Ultra and upgraded Ape FX Maxx- also said there is a need for the government to provide clarity on the issue of continuation of the incentives. Piaggio Commercial Vehicles Pvt Ltd (PVPL) is the Indian subsidiary of Italian auto major Piaggio Group. "There is a spike in the penetration of L5 category electric three wheelers in the country in the last one-and-a-half years. And this is when the government incentives under the FAME program have reduced to one-fourth in the same period," Diego Graffy, Chairman and Managing Director of PVPL, told PTI in an interaction. He said that if the level of penetration continues at this pace, "we expect this to reach 50 per cent by the end of 2027 or the beginning of mid-2028 even if the incentives are withdrawn, as there is a structural shift taking place in the market." There are two categories-- L5 and L3-- in the electric three-wheeler segment. L5 Category refers to three-wheeler auto-rickshaws for carrying passengers or cargo while e-carts fall in L3 category. Both the Central Government and state governments are promoting the faster adoption of EVs through various fiscal incentives to the EV buyers. The second phase of the government's flagship scheme, Faster Adoption and Manufacturing of Electric Vehicles (FAME), launched in 2019 with an initial outlay of Rs 10,000 crore, later increased to Rs 11,500 crore, ended in March last year. Subsequently, a new PM E-Drive Scheme with an outlay of Rs 10,900 crore for two years to boost EV sales, replacing FAME programme was announced in September 2024. "The Government reducing the subsidy to one-fourth in the last one-and-a-half years could have definitely been a big disruption (in terms of demand) but instead of depressing the market, it has only kept on increasing. It means that the change or the shift that is happening now is structural and not anymore incidental. And this shift is happening for multiple reasons," Graffy said. Apart from the structural shift, the factors for the higher penetration include improved charging infra, lower cost of acquisition and ease of financing and servicing. "These challenges have largely been addressed in this period leading to increased penetration, particularly of the passenger segment," he said. According to industry statistics, L5 passenger electric three-wheeler penetration accounted for 22.8 per cent in the total EV sales in FY 25 while the goods e-three-wheeler penetartion stood at 21.5 per cent in the same period. Also, in the April-June quarter of this fiscal, as much as 32.4 per cent of the total ev penetration was recorded in the passenger e-three wheeler segment and 22.8 per cent in the cargo e-three-wheeler segment. Graffy said that the adoption rate across Southern and Western parts of the country however, is still much lower, adding that, it is expected to increase in the next couple of years and when it happens, the overall penetration rate would go much higher than 50 per cent." He said that the e-commerce transition was leading to the demand for cargo e-three-wheelers, which is on the wane now while the passenger segment is picking up very rapidly due to the reason cited earlier. Due to a structural transition that we see, now the passenger segment will have a much higher rate of adoption in the next few months, he stated. He said that Piaggio Vehicles is "maintaining" more or less the pace at which the industry is growing, adding that the company keeps on renewing its product portfolio every two years since 2019 when it first introduced its e-three-wheeler in the country. "We are not doing (renewing products) so frequently unlike many other players are doing in the space. We prefer to take our time. So, we are reviving our products every two years trying to introduce new features with innovation and technology," he said. "We believe EVs are an opportunity to reshape urban transport and improve livelihoods. New ApA© E-City Ultra and ApA© E-City FX Maxx are being built with these realities in mind. They deliver what the Indian customer needs: best in class range, low battery degradation, strong performance, and minimal operating costs," Graffy said on the launch of the two models, which are priced at Rs 3.80-lakh and Rs 3.30 lakh, respectively. "These vehicles are enablers of economic mobility, future-ready solutions that can scale across cities and small towns alike. Our focus is not only on innovation but also on contributing to a more inclusive and sustainable future," he said. On the incentives, he said," uncertainty on (the continuation) of the incentives is definitely very disturbing and some clarity going forward is required." "Even if the government wants the incentives to discontinue from a particular date, declare it clearly so that every OEM can plan the strategy accordingly," Graffy said.
Time of India
35 minutes ago
- Time of India
Semiconductor mission: India steps up chip drive; revolution gathers pace with major investments, talent push
AI image India is undergoing a major transformation in its semiconductor journey, rapidly building capabilities to become a critical player in the global chip value chain. The push is backed by significant policy support, large-scale investments, and a growing pool of skilled engineers, as per news agency ANI. Semiconductors, essential to devices ranging from smartphones and televisions to satellites, form the backbone of modern digital technologies. With the global chip market projected to cross $1 trillion by 2030, India is working to shift from being an import-dependent economy to becoming a trusted manufacturing and design partner globally, according to PIB. At the centre of this transformation is the India Semiconductor Mission (ISM), launched in December 2021 with a budget of Rs 76,000 crore. It is aimed at supporting manufacturing, assembly, testing, packaging, and design of semiconductor chips, while also encouraging R&D and industry-academia collaboration. According to industry data, India's semiconductor market was valued at around $38 billion in 2023 and is expected to reach $100–110 billion by 2030. This anticipated growth is being powered by multiple government schemes. The Semiconductor Fabs Scheme, for instance, offers up to 50% financial support for fabrication units. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Is What First-Class Living Really Looks Like Explore Undo There are also specific schemes for display fabs, packaging (ATMP/OSAT), and startups under the Design Linked Incentive (DLI) scheme. So far, six major projects have received approval under these schemes. These include large-scale investments from Tata Group, Micron Technology, CG Power, Kaynes Semicon, and an HCL-Foxconn venture. Together, these plants will produce millions of chips and wafers each month to meet both domestic and global demand. India is also making progress in chip design. New 3-nanometre chip design centres in Noida and Bengaluru mark a leap in innovation. Under the DLI scheme, 22 startups have already received Rs 234 crore in support, focusing on chips for mobile networks, smart electronics, surveillance systems, and automotive use. Skill development is another priority. Over 85,000 engineers are being trained in advanced manufacturing and chip design, with more than 44,000 already certified under NIELIT Calicut's SMART Lab programme. Partnerships with institutions such as Purdue University and global firms like IBM and Lam Research are helping align local talent with global standards. India's growing semiconductor ambitions are showcased through the annual SEMICON India summit, organised in partnership with SEMI. The 2025 edition, scheduled for September 2–4 at Yashobhoomi in New Delhi, will feature 300+ exhibitors from 18 countries, including dedicated country pavilions. The Covid-19 pandemic and geopolitical tensions such as the Ukraine war have highlighted the risks of relying on a few nations for global chip supplies. In this context, India's local manufacturing drive is a strategic move aimed at national security and supply chain resilience. With a vast pool of engineers and a strong MSME base supporting electronics manufacturing, India is positioning itself to contribute to the full semiconductor lifecycle—from raw material processing to advanced chip design. As approved projects go live and fresh investments are announced, India's transition from chip dependence to chip leadership appears well underway. 'From dependence to dominance, the chip revolution is real and it's happening right here, right now in Bharat', PIB noted. Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025
