Wage rises in 2016

amritstar-india_3388765kWorkers worldwide will see wage increases of 2.5 per cent during 2016 according to a salary forecast issued by the Korn Ferry Hay Group, a human resources company. The global salary rise is the highest in three years. The forecast took predicted salary increases, based on information from global HR departments, and set them against inflation predictions from the Economist Intelligence unit in order to project what the “real” increase in wages will be during 2016. In tenth place in the rankings is India, where workers can expect a 4.7 per cent real wage increase this year, compared with 2.1 per cent last year. According to the World Bank’s latest forecasts, India will be the world’s fastest growing economy in 2016, as China slows.

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