- TeamLease reports projected salary growth of 9.4% for FY2026-27, up from 7.9% the previous year.
- Chennai is expected to record the highest average salary hike at 9.7%, followed by Pune and Hyderabad.
- Project Engineers lead salary growth at 10.7%, with Engineering overtaking IT as the highest-paying area.
- Salary increments in various sectors are projected to rise significantly, with Engineering emerging as the strongest salary growth area at 9.9%.
- IT follows closely with a projected salary growth of 9.8%, while Finance is expected to see growth of 9.5%.
- Gurgaon leads city-level salary increments in the MEI sector at 10.9%, followed by Coimbatore at 10.8%.
TeamLease's Jobs and Salaries Primer FY2026-27 reveals a projected salary growth of 9.4% across various sectors, marking an increase from 7.9% the previous year.1
Chennai leads the metro cities with an expected hike of 9.7%, followed by Pune and Hyderabad.2
Notably, Project Engineers are set to receive the highest increments at 10.7%, with Engineering surpassing IT as the top-paying sector, which is projected to grow by 9.9%.34
IT is close behind at 9.8%, while Finance is expected to see a 9.5% growth.5
The report highlights that cities like Ahmedabad and Nagpur are emerging as significant players in salary increments, with Ahmedabad projected at 9.5% and Nagpur also showing competitive growth.
Balasubramanian A., Senior Vice President at TeamLease, noted that the projected growth reflects a sector transitioning from 'recovery to execution'.
The findings underscore a broader shift in employer compensation strategies, as cities outside traditional metros gain prominence in the evolving pay landscape.
“The report indicates that cities like Ahmedabad and Nagpur are emerging as significant players in salary growth, with Ahmedabad expected to see a 9.5% increase. Balasubramanian A., Senior Vice President at TeamLease, noted that the 9.4% growth reflects a sector transitioning from 'recovery to execution'.”
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