The survey said the market is expected to be stable despite pandemic
The study was conducted online for 1,200 companies
Mumbai: 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.
Survey shows 59% firms are eyeing raises
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As the economy moves to a recovery path after a sharp decline last year, a study has shown that 59% of companies in India intend to give salary increments to employees in 2021. According to Genius Consultants’ ‘10th Hiring, Attrition and Compensation Trend 2021-22’, the increment scenario seems “welcoming with 59% of companies saying that increment is on the cards, which will range between 5-10% whereas 20% think increment will be less than 5%.” The study was done online among 1,200 firms in February and March across sectors.
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As economy recovers, survey shows 59 per cent firms in India intend to give salary increments in 2021
The study found that the southern market will lead in terms of new job opportunities with 37 per cent hiring, followed by the western zone with 33 per cent.
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MUMBAI: 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.
Read more about Survey shows 59% firms in India intend to give salary increments in 2021 on Business Standard. A study has shown that 59 per cent of companies in India are intending to give salary increments to their employees in 2021
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.
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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.