India Inc will dole out an average salary increment of 12% this year, similar to last year's levels, according to HR consulting firm Mercer's Total Remuneration Survey 2013. The projections come just days after HR consulting firm Aon Hewitt predicted an average salary hike of just 10.3% for employees this February. "Corporate sentiment is cautiously positive, though companies are adopting a wait-and-see policy," said MuninderAnand, director for Mercer India's information solutions business, in a statement. "Performance-based pay and rewards will gain prominence in the appraisal cycle. Hiring will continue to be on the agenda for most companies in 2013," he added.

Source - http://economictimes.indiatimes.com