The balance sheet of a firm records the monetary value of the assets owned by that firm. It covers money and other valuables belonging to an individual or to a business. One can classify assets into two major asset classes: tangible assets and intangible assets.
Pay hikes to decline marginally in 2014: Deloitte. Slower economic growth will impact pay hikes in 2014-15 as Indian firms are expected to offer an average of 10.3% increase in salary, says the report.
The average raise has hovered at 3% for both 2014 and 2015, according to the consulting firm Towers Watson, and its annual survey noted that U.S. employers plan to give their workers the same increase in 2016. However, businesses paid their best employees substantially more.