Organisations in India may give above average salary hik
Notwithstanding the Covid-19 second wave hitting the nation hard, organisations in India have displayed resilience, and the salary increment is being projected to grow from an average of 8.8% this year to an estimated average of 9.4% in 2022, according to a survey.
According to the Aon’s 26th Annual Salary Increase Survey released on Tuesday, most busiendorsed is firmly on the path to recovery, with most firms projecting salary hikes back to FY jected salary increase for 2022 is 9.4%, which is at par with the pandemic number that we had tions and this has led to an unprecedented war for digital talent in the short term and is driving up salary increase budgets and attrition numbers across sectors. Businesses will have to redefine their talent strategies to keep pace with the war for talent, Chaudhary said.
Chaudhary further noted that most Indian organisations, across traditional and non-traditional sectors, are making investments in digital capabilities to sustain the growth momentum and disrupt their this trend will intensify time, as organisations hav increased need for this tale transform their business m els and build resilient work ces,” Chaudhary said.
According to Nitin Se partner and CEO of Aon’s formance and rewards b nesses in India, while 2021 year where certain sec remain under stress due to pandemic, most busine have an optimistic view g into 2022 and are projec higher salary increases.