Average ecomm salary hikes set to go down in 2019 - ET Retail
Compensation experts Aon, Willis Towers Watson and Mercer estimate average hikes at India?s ecommerce and startup companies in 2019 to be between 9...;
- The gradual maturing of the ecommerce and startup ecosystem, lower attrition and a decline in overall salary increase budgets are likely to pull down average salary increments at such companies in the country this appraisal cycle, top consulting firms say.
- Aon , Willis Towers Watson and Mercer estimate average hikes at India’s ecommerce and startup companies in 2019 to be between 9.5 and 11.5%, a significant step down from the sector
- Aon expects average pay hike in the ecommerce and startup industry to be 9.5% in 2009, down from 9.8% last year, while high fliers can expect more than 20% hikes.
- Wills Towers Watson said year-onyear increases have seen a southward trend from a high of about 15% in 2014-15 and 2015-16 to about 10-11% now.
- “Ecommerce players are fine-tuning the salary increment budgets to balance the increasing demand to hire, manage and retain hot skills from the market, where increases may range up to 20% for top performers,” Usretay said.