Average increment for FY18 to remain flat at 9.7%: KPMG
Tuesday, April 4, 2017, 11:00 PM
The average increment for the year 2017-18, is expected to remain almost flat from last-year at 9.7%, mainly driven by weak-market performance and low-salary budget, according to a KPMG survey. The projected increment for the 2017-18 is 9.7%, a drop of 0.6% from 2016-17. This is mainly because the markets have not done well last-year, low-salary budget, cost-cutting within companies and higher pay packets.