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Employers in Malaysia may need to budget for a median 5% increase in their salary budgets next year, rebounding to pre-pandemic levels as seen in 2019. ....
Synopsis This year, the increment scenario seems welcoming with 59 per cent of companies saying that increment is on the cards, which will range between 5-10 per cent whereas 20 per cent thinks increment will be less than 5 per cent and around 21 per cent thinks that there will be no pay rise in 2021 too , as per the study. Getty Images As the economy moves to a recovery path after a sharp decline last year amid the pandemic, a study has shown that 59 per cent of companies in India are intending to give salary increments to their employees in 2021. According to staffing company Genius Consultants 10th Hiring, Attrition and Compensation Trend 2021-22 , with this impressive growth rate, the market is expected to be stable, and the companies will also relook at their business continuity strategy along with strengthening the workforce. ....