Projected Salary Increases for Key Jobs in FY27
Which jobs may get the biggest salary hikes in FY27?
Image: Moneycontrol
In FY27, salary increments across Corporate India are expected to range from 8.6% to 10.2%, driven by demand in sectors like electric vehicles, fintech, and healthcare. Key roles such as Electrical Engineers may see hikes up to 11.2%. Cities like Chennai and Pune are anticipated to lead in salary growth.
- 01Salary increments for FY27 are projected between 8.6% and 10.2% across various industries.
- 02High-growth sectors like electric vehicles, fintech, and healthcare are expected to drive the highest salary increases.
- 03Electrical Engineers may receive the largest increments at 11.2%, followed by Quality Control Inspectors at 10.9%.
- 04Chennai is projected to have the highest salary increments at 9.7%, with Pune and Hyderabad close behind at 9.6%.
- 05Emerging cities are gaining importance in salary growth due to industrial expansion.
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Corporate India is set to experience salary increments ranging from 8.6% to 10.2% in FY27, according to a report by TeamLease Services. This growth is attributed to a rising demand for skilled talent in high-growth sectors such as electric vehicles, fintech, and healthcare. Notably, Electrical Engineers are projected to see the highest increments at 11.2%, followed by Quality Control Inspectors at 10.9%. The report highlights that the salary landscape is evolving, with specialized roles commanding higher increments and emerging cities like Chennai, Pune, and Hyderabad leading in salary growth. Chennai is expected to have the highest increase at 9.7%, while Pune and Hyderabad are forecasted at 9.6% each. In contrast, industries such as banking and textiles are expected to see more modest increments between 8.6% and 8.8%. Overall, the report indicates a shift towards sector-specific growth and the increasing importance of specialized skills in determining salary increments.
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The projected salary hikes indicate a competitive job market, particularly in high-demand sectors, which could influence job seekers' decisions and economic growth in key cities.
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