Companies in India are expected to give a salary hike of 10% in 2023 as they struggle with rising attrition in the tight labour market, according to a report.
Global advisory, broking and solutions company Willis Towers Watson's (WTW) Salary Budget Planning report found that companies in India are budgeting an overall increase of 10% for 2022-23, compared with the actual 9.5% growth in the previous year.
