Note Ban Has Little Impact On Increments In FY17, Survey Shows

Demonetisation did not impact this year's increments in spite of all speculations to the contrary as companies doled out as much as 20 percent to key talent in the appraisal process, according to a recent survey.

Though the job market did seem a bit slack at the start of 2017, it picked up pace gradually, a survey by Antal International Network India showed. It analysed benchmarking data and key insights on appraisal trends across disciplines.

As many as "85 percent respondents said demonetisation did not impact this year's increments at all in spite of the speculations", the survey said.

• Finance professionals within logistics and engineering sectors were offered the highest increment of 20 percent whereas retail saw the lowest 5 percent followed by telecom and BFSI (Banking, Financial Services and Insurance).
• HR professionals in FMCG, BFSI, engineering and retail got the maximum increments of 15-20 percent whereas e- commerce saw the lowest rise at 7 percent.
• Marketing professionals in advertising were given the highest increment of 20 percent while the telecom sector saw the lowest hike handed out to marketing professionals.
• Supply chain professionals from the healthcare industry received the highest increment of 24 percent followed by logistics. The manufacturing sector offered the lowest increase to marketing professionals.
• Engineers and manufacturing professionals in power were given the highest increment of 20 percent whereas auto featured in the lowest of increments of 2 per cent.

The survey covered 2,329 decision makers at mid and senior levels across disciplines such as finance, HR, operations, sales, marketing, supply chain, engineering and manufacturing to ascertain 2016-17 appraisal trends.