The golden age of high wages in India is expected to return again next year. According to a report, there will be an average increase of 9.3% in the salary of employees of India in 2022.Â
It is estimated to be 8% in 2021. The challenge for companies is to attract and retain employees, says global advisory, broking and solutions company Willis Towers Watson’s ‘Salary Budget Planning Report’. In such a situation, it is natural for companies to increase the salary of employees in 2022.
The report says that the highest wage increase will be in the countries of Asia-Pacific next year. In this report, the business outlook has been expected to improve during the next one year. This report of the half yearly survey was conducted during May and June 2021 among 1,405 companies from different industry sectors of Asia-Pacific, out of which 435 companies are from India.
According to the report, 52% of Indian companies believe that their revenue outlook will be positive during the next 12 months. In the fourth quarter of 2020, the number of companies that believed so was 37%. The direct impact of the improvement in the business scenario will create opportunities for the youth in jobs and salary increase will also be seen. It has been said in the report that 30% of the companies are preparing for new appointments during the next one year.
The report showed that the most important jobs in various sectors, such as engineering (57.5%), information technology (53.3%), technical skills (34.2%), sales (37%) and finance (11.6%), saw the highest number of recruitments. Is. It has been told in the report that the job loss rate in India has also been low as compared to other countries of the region.
The hi-tech sector is expected to see the highest increment of 9.9%, the report said. After this, there is an increase of 9.5% in consumer products and retail sector and 9.30% in manufacturing. On the other hand, the energy sector is expected to have the lowest increment of 7.9%.
