As India's workforce evolves, skilled talent is increasingly driving salary trends across sectors. The Aon Annual Salary Increase and Turnover Survey forecasts an average salary hike of 9.5% in 2025, with industries like engineering, retail, and manufacturing projected to lead with raises around 10%.
Commenting on these trends to Deccan Chronicle, TeamLease Degree Apprenticeship CEO Ramesh Alluri Reddy noted that the demand for skilled professionals is reshaping how companies approach talent retention. Employers are willing to invest in competitive compensation to attract top-tier talent essential for growth and efficiency.
Reddy further emphasized that upskilling and reskilling initiatives play a pivotal role in workforce development. Sectors undergoing rapid technological advancement, such as engineering, need highly skilled workers capable of adapting to new tools and methodologies. Companies offering continuous training opportunities not only enhance employee retention but also ensure that they remain competitive within their industries.
This trend reflects a broader realization among companies: the cost of training and retaining skilled professionals often yields higher returns compared to hiring inexperienced individuals. Moreover, as India's industrial landscape evolves, especially in tech-driven sectors, skilled talent has become a critical asset for driving innovation and operational efficiency.
With ongoing upskilling initiatives, India is building a sustainable, growth-oriented workforce that aligns with the needs of the future job market.
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