India Inc to offer average pay hike of 7.7% in 2021
India Inc’s 2021 pay hike will be better than most global economies, including Japan, the US, China, Singapore, Germany and the UK where the average salary growth will be between 3.1% and 5.5%.. (Photo: iStock)Premium
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E-commerce and venture capital backed firms will give the best pay hike at 10.1%, followed by tech sector 9.7%, ITES at 8.8%, and entertainment and gaming at 8.1%. Chemicals and pharmaceutical firms are likely to offer an 8% pay hike
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NEW DELHI: Indian corporates will likely offer an average salary hike of 7.7% to employees in 2021 but performers are projected to get 1.6 times more, the India Salary Increase Survey by global professional services firm Aon said on Tuesday.
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