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MUMBAI: According to the global HR consulting firm Mercer's 2011-12 Asia Executive Remuneration Survey-India Report, strategic heads and leaders of Indian organisations are expected to receive the best salary raise ranging up to 8.3 per cent. In 2011, India witnessed an average increase of 8.4 per cent in the basic pay scales of various organisational heads, according to a report in The Times of India.
China secures the second spot with an estimated hike of 6.5 per cent.
In the TOI report, it was stated that the findings of the study by Mercer’s signify that up to 83 per cent of the respondents rated succession planning and retention of executives as problematic issues for various Indian companies. Whereas 68 per cent of the participants were of the view that development of leadership skills remains a critical issue in India’s corporate sector.
Around 201 Asian companies participated in the survey, out of which 59 per cent have headquarters in Asia whereas 41 per cent have headquarters in West. The Indian findings were primarily based on the analysis of various public and private sector enterprises.
