CAREER
Not satisfied with your salary? Want a hike? Join the club.
Only 29% employees are satisfied with their current pay levels, as per a survey by the Association of Chartered Certified Accountants.
As the cost of living soars, 81% of Indian employees want a pay hike this year, much higher than the global average of 62%.
Millennials show the strongest intention to demand pay hikes, but when it comes to expectations of hikes above 10%, Gen X workers are most confident (76%), followed by Gen Z ( 60%).
What's in it for you?
- •RISING COST OF LIVING WARRANTS PAY HIKE: With recent fuel price hikes and rise in inflation, a salary increase is no longer a luxury, but a financial necessity.
- •YOU MAY HAVE TO FIGHT FOR THAT HIKE: Employers are under heavy pressure to match salary expectations to ensure retention and profitability.
- •MINDSET SHIFT MAKES PAY MORE IMPORTANT: For younger professionals, compensation is the most important factor, while for mid-career professionals meaningful work is equally important. Where do you fit in?
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