Net, mobile spaces to see 19 p.c. pay hike

NEW DELHI, INDIA: As most of the industry verticals are recovering from the economic crisis, many organizations are planning to give salary hikes this year.

According to a recently concluded study by Internet and Mobile Association of India, (IAMAI) and Ma Foi Consulting Solutions Ltd, the salary hike projected for Internet and mobile industry is to the tune of 19 per cent.

The primary objective of this exercise was to collect and share information on trends in compensation, benefits and people practices in the Internet and mobile industry and help companies take strategic decisions in the area of human resources, said a press release.

This report also highlighted that organizations are awarding salary hikes and bonuses to reward the employees who have stayed on through the downturn. Salary increase budgets for this year typically comprises merit pay increases, market adjustments, cost of living adjustments, general increases or a combination of these increases, the release added.

The IAMAI–Mafoi study also stated that the mobile and Internet industry in India is growing at an unmatched pace.

“From our study of this industry we have found that organizations have extremely diversified workforce offering work associated with creativity, innovation, global spread, product development, designing, marketing, content management and production, working under the same roof and contributing to the company’s bottom-line,” it added.