Salary Trends In 2008- 2009 In Retail Sector

Hi there,

We are in the process of creating an HR budget for next year. One aspect involves making provisions for salary hikes. We require the following information:

1. India's GDP in 2008 and projections for 2009
2. India's inflation rate in 2008 and projected rates for 2009
3. Salary hikes in 2008 and projected increases for 2009

I have conducted a Google search, but I would prefer to have information from a more reliable source. Please provide your suggestions for links or reports that we can refer to.

Thank you.

Hi Shefali,

An article was published in the Economic Times on the 13th of September '08, stating that the expectation of a salary increase in 2009 is around 16%. I recommend referring to that article as it will be helpful for you.

Regards,
Shilpi

What will be the salary of a Trainee Team Member (fresh) and Team Leaders (Experienced) in a hyper Retail store? Please suggest me.