EY's "Future of Pay" outlines evolving compensation strategies in India amid digital transformation and economic shifts. The 2025 salary increment forecast stands at 9.4%, led by sectors like e-commerce and GCCs. Attrition has declined to 17.5%, but skill gaps persist. Organizations are integrating AI, wellness, DE&I, and ESG goals into Total Rewards. Gig workers and flexible work models are rising, while pay transparency, upskilling-linked incentives, and tech-driven compensation systems are reshaping rewards. EY advocates for holistic, inclusive, and future-ready compensation frameworks to boost engagement, equity, and retention.

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