Overview
- Aon’s 2025–26 survey of about 1,060 companies across 45 industries projects a national average pay increase of 9% next year, up slightly from the 8.9% actually delivered in 2025.
- Sectoral gaps are pronounced, with real estate and infrastructure at 10.9% and non-banking financial companies at 10%, while technology consulting and services lags at about 6.8%.
- Other sectors expected to post relatively stronger hikes include automotive and vehicle manufacturing, engineering design services, retail, and life sciences, generally in the 9.6–9.7% range.
- Voluntary attrition has eased to 17.1% in 2025 from 17.7% in 2024, giving employers more room to focus on retention, targeted upskilling, and performance-linked pay.
- Involuntary attrition has risen to roughly 4.6%, the highest since 2020, reflecting cautious budgeting and workforce reshaping even as domestic demand and policy support underpin resilience.