Workers in the consumer internet and professional services sectors are expected to get more than 11% pay raises this year, the Aon survey has found. In all, five sectors—life sciences, automotive, consumer products and the two cited above—are expected to offer employees double-digit increments in 2019.
“The salary growth this year is at a three-year high, but in actual terms it’s marginally up largely because of two factors: prudent expense management and, second, more differential pay structure based on performance," said Anandorup Ghose, partner and head (emerging markets) at Aon.
The Aon survey also found that employee turnover slowed to 15.8% in 2018 from 18.5% in 2013. At the same time, involuntary attrition, a euphemism for layoffs, has risen to 3.7% in 2018-19 from 3.1% in 2015-16.