Aon Survey projects 6% salary hike in 2021 for senior executives in India business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
With positive business sentiment gradually growing within India Inc after a tough Covid-19 pandemic hit 2020, salary increment is being projected to grow from actual average 6.1 per cent last year to a projected average of 7.7 per cent in 2021. Findings in the latest Salary Increase Survey in India by global professional services firm Aon plc shows that more companies plan to give increments, with 88 per cent expressing the desire in 2021 as compared to 75 per cent companies in 2020. The study analysed data across 1,200 companies from more than 20 industries. There is a sharp reduction in number of companies going for a zero increment, down from 25.4 per cent in 2020 (actual) to 12.2 per cent in 2021 (projected). This shows that business sentiment is on track and companies are having a more mature outlook, said Roopank Chaudhary, partner in Aon’s human capital business in India.