India Inc to offer 7.7% average salary hike in 2021: Aon
Highest-paying sectors in 2021 continue to be the ones from last year information technology, IT-enabled services, life sciences, e-commerce and fast-moving consumer goods
BusinessToday.In | February 24, 2021 | Updated 10:42 IST
Eighty-eight per cent of surveyed companies reported that they intend to increase salaries in 2021, reflecting positive business sentiment
Global professional services firm Aon s 25th Annual Salary Increase Survey in India finds that companies in India are projecting a 7.7 per cent increase in average salary in the year 2021. This is up from the actual increase of 6.1 per cent in 2020. The survey, which analysed data across 1,200 companies from more than 20 industries, finds that while salary increments indicate strong recovery, the Code of Wages could be a gamechanger.
Your salary hikes this year may not increase take-home pay
livemint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livemint.com Daily Mail and Mail on Sunday newspapers.
India Inc to offer 7 7% average salary hike in 2021: Aon
businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
Updated Feb 23, 2021 | 19:10 IST
As per the survey, e-commerce and venture capital-backed firms will give the best pay hike at 10.1%, followed by technology sector at 9.7%, ITES at 8.8%, and entertainment and gaming at 8.1% India Inc to offer average salary hike of 7.7% in 2021
New Delhi: India Inc is likely to 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.
This will be more than the 6.4% average hike paid by companies in 2020. Also, 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%.