New Delhi, Feb 23 || Corporate India is expected to roll out an average salary increase of 9.1 per cent in 2026, with Global Capability Centres (GCCs) leading the growth in pay, a new report said on Monday.
GCCs are expected to offer the highest increments at 10.4 per cent, driven by strong global demand for digital and technology capabilities, according to the latest Future of Pay report by EY India.
The financial services sector is likely to see salary hikes of around 10 per cent, followed by e-commerce at 9.9 per cent and life sciences and pharmaceuticals at 9.7 per cent, the report said.
The report also highlighted a gradual cooling in attrition levels. Overall attrition declined to 16.4 per cent in 2025 from 17.5 per cent in 2024, indicating a more stable job market.
However, more than 80 per cent of exits remain voluntary, suggesting that employees are still switching jobs for better opportunities rather than due to layoffs.
Financial services recorded the highest attrition at 24 per cent, while professional services and hi-tech and IT sectors also saw elevated levels.
In comparison, GCCs reported relatively lower attrition at 14.1 per cent, as per the report.