Despite the shock of the Corona epidemic, Indian companies will increase the salaries of their employees by an average of 8.8 percent this year (Salary Hike). At the same time, next year this rate can be 9.4 percent.
New Delhi: Despite the shock of the second wave of the Coronavirus pandemic, Indian companies have shown tremendous combative capability. It has been said in a survey that despite the shock of the pandemic, Indian companies will increase the salary of their employees by an average of 8.8 percent this year (Salary Hike). At the same time, in the next year i.e. 2022, the salary increase will be 9.4 percent.
Survey report released on Tuesday
The results of the 26th Annual Salary Increase Survey were released by Aon on Tuesday. According to the survey, most companies are optimistic about 2022. Next year 98.9 percent companies will increase the salary of their employees. At the same time, in 2021, 97.5 percent of the companies have talked about increasing the salary of the employees.
It has been said in the survey that the attitude of various sectors is positive and Indian companies are again on the path of growth. Most companies believe that in 2021-22, the salary increase will reach the level of 2018-19.
Wage will be increased at the rate of 9.4 percent
Roopank Choudhary, Partner, Human Capital Business, Aon, said, “This is a strong sign of financial health and a boom in the economy. Clearly things are getting better than before. The salary increase in the year 2020 was 6.1 percent. It is expected to reach 8.8 percent in 2021 and 9.4 percent in 2022. This will be at par with the pre-pandemic levels of 2018 and 2019.
It has been said in the survey that due to the epidemic, the digital race of companies has intensified. This has led to a ‘war’ to attract digital talent in the short term. Due to this the budget of salary hike on the employees is increasing. Along with this, the number of job changers in various sectors is also increasing.
Companies will have to make a new strategy
Roopank Choudhary said that companies will have to redefine their talent strategy. So that they will be able to survive in this ‘war’. He said that Indian companies in traditional and non-traditional sectors are investing to increase their digital presence. So that they can maintain the pace of their growth.
