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India Inc expected to dole out 8.6% avg increment in 2022: Deloitte survey

India Inc expected to dole out 8.6% avg increment in 2022: Deloitte survey
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Anubhav Gupta , Anandorup Ghose , Deloitte Touche Tohmatsu India , Corporate India , Increment Trends , அனுபவ குப்தா , பெருநிறுவன இந்தியா ,

India Inc likely to give 8.6% average increment in 2022: Deloitte survey

India Inc likely to give 8.6% average increment in 2022: Deloitte survey
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Anubhav Gupta , Anandorup Ghose , Deloitte Touche Tohmatsu India , Corporate India , Increment Trends , அனுபவ குப்தா , பெருநிறுவன இந்தியா ,

India Inc expected to dole out 8.6% average increment in 2022: Deloitte survey

India Inc expected to dole out 8.6% average increment in 2022: Deloitte survey
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Salary increments: It's likely to be old normal in 2021 - The Hindu BusinessLine


Salary increments: It’s likely to be old normal in 2021
March 04, 2021
Despite its best intentions, any corporation will find it challenging to carry employees throughout their career if they do not see enough value. However, what it can help do is to ensure that its workforce is abreast with the future skills.   -  Getty Images/iStockphoto
Despite its best intentions, any corporation will find it challenging to carry employees throughout their career if they do not see enough value. However, what it can help do is to ensure that its workforce is abreast with the future skills.   -  Getty Images/iStockphoto× ....

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Over 90% of companies plan to give hikes this year


“This uptick is still a conservative one than any of us would have seen in previous years. Companies are being conservative than being exuberant at this point. Promotions and promotion-linked pay increases have gone up. There’s a 250-basis-point (100bps = 1 percentage point) increase in the percentage of employees that will get promoted this year,” said Anandorup Ghose, partner at DTTILLP Workforce and Increment Trends Survey. About 400 organisations participated in this edition across seven sectors.
Deloitte said organisations adopted a very conservative approach to promotions last year due to the pandemic and an uncertain business environment. “Many people lost out on promotions because of the pandemic. The higher number of promotions implies huge costs even as companies are trying to get back into shape,” he said. The average promotional increase has also gone up to 6.9% in 2021 from 5.4%. ....

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