New Delhi : Due to the Corona epidemic, many companies of the country are running in losses, due to which the youth were also facing difficulties in getting jobs.
At the same time, many employed people were not able to get satisfactory increment (increase in salary) during the Corona period.
However, this time a report has come which is going to give great relief to the people working in the private sector. According to the report, this time many companies are going to give huge salary hikes to their employees.
Corona will not affect the increment
According to the survey report of Korn Ferry India, this year companies are preparing to increase the salary by more than 10 percent. If this happens, then the increase in salary will reach the level before the corona period. The average salary increase in the year 2022 is estimated to be 9.4 percent, while in the year 2021 the average increase was 8.4 percent.
Huge loss to employees in the last two years
Let us tell you that in 2019, before the Corona period, the salary was increased by an average of 9.25 percent. Most of the businessmen in the survey have said that this year the business will not see much effect of the epidemic. This will also help companies to increase their profits. This announcement of the companies has created a wave of happiness among the employees of the private sector.
According to an economic study, for the last few quarters, companies have been declaring big profit results. The increase in salary will largely depend on the performance of the business, industry metrics and benchmarking trends. Based on the performance of most companies, it has been assessed that they are in a position to increase the salaries of their employees.
It is generally believed that companies also want to increase the salary to keep the talent engaged with them. Due to the Corona epidemic, many private sector companies including the auto sector, small scale industries had to suffer huge losses, which also affected their employees.
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
