
Wage increases are anticipated to differ among sectors, with engineering design services and automotive manufacturing leading at 10.2% hikes. Global capability centres (GCCs) and engineering manufacturing are expected to roll out 9.7% hikes this year. Above-average pay rises are expected in non-banking financial firms, retail, GCCs, and life sciences. In contrast, banking and technology consulting services are forecast to be more restrained, with expected increases of 8.8% and 7.7%, respectively……….