A report by Michael Page’s salary guide for 2024 India, suggests salary hikes with switching jobs are expected to receive increases between 15-25%. Existing employees can also expect raises, annual salary hikes of 7-12% range. Junior-level employees expected to be around 25-40% increment, by switching their jobs.
Traditional industries, including manufacturing and operations, drive hiring activity, with renewables, electric vehicles, and automotive sectors in focus. Demand for data, generative AI, and machine learning professionals also rises across sectors.
