India Inc. to See Pay Hike's

Year of Tiger has got some good news with it, we can see those double digit pay hikes with average pay hike being around 10.6% which is highest in the Asia pacific region according to survey by Hewett Associates.
It's expected that India based Co's will provide better pay hikes as compared to Mnc's just due to the robust performance of India Inc.

Expert's believe that Sector's which might see spike in salaries are those which have close association with the consumer story, as The Union Budget for 2010-2011 has left lot of money with vibrant middle class, which will form's backbone of the next consumption led Bull-run. Sector's to benefit would be Media & Entertainment, Retail, Banking & Financial Services,Investment & Insurance Co's.

It’s Raining Pay Hikes at Wells Fargo (WC)

Wells Fargo (NYSE: WFC) has almost doubled in size after its successful acquisition of troubled bank Wachovia (NYSE: WB), so has the compensation of its top executives. Wells Fargo & Company rewarded its top five executives with compensation more than $11 million in 2009, while CEO John Stumpf went home with a package of $21.3 million reports The Wall Street Journal. Mr. Stumpf received $5.6 million in fixed salary and $13.1 million in stock options (ESOP’S), also his pension saw an increment of $2.6 million. His remuneration in 2008 stood at $8.8 million.CFO Howard Atkins remuneration more than doubled in 2009 to $11.6 million from $4.9 million a year ago. Wells Fargo bank has repaid all the $25 billion it received in 2008 from the U.S. Treasury's Troubled Asset Relief Program, or TARP thus liberating itself from few Govt. restrictions.