Salary hikes this year may not translate into higher cash-in-hand for employees if organisations choose to pay more in provident fund (PF) contributions due to the new definition of wages proposed by the government, showed a study.
While average salary increments are expected to be better this year in comparison to 2020, there is a possibility that the in-hand salary of employees may not rise at all. Here's how
New Delhi, February 23
India Inc is likely to provide a salary hike of 7.7% in 2021, indicating a strong economic recovery, said a survey on Tuesday. The study by global professional services firm Ao
India Business News: Salary hikes this year may not translate into higher cash-in-hand for employees if organisations choose to pay more in provident fund (PF) contributio
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.