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The double-digit pay increase in fiscal 2021 compares with a 3% rise in FY20 when the nationwide lockdown had affected the last ten days of the fiscal year and the wallets of CEOs as many boards decided to freeze or cut the bonus and variable pay, thus taking away a large chunk from the salary of top executives. ....
Muted salary hikes in 2021, pay to rise only 1 per cent: survey The marginal rise in salary projections are a contrast to the business revenue outlook given by top executives; 37 per cent respondents projected a positive business revenue outlook Sonal Khetarpal | February 12, 2021 | Updated 23:45 IST After job losses and paycuts in 2020, the year 2021 is being welcomed with hope and optimism. But, as many sectors are still recovering from the impact of the pandemic, the salary hikes for the year are still muted. The year 2020 saw an average actual increase of 5.9 per cent in salaries. According to a salary survey by Willis Towers Watson, the projected salary rise to be given to Indian workforce in 2021 is at an average of 6.4 per cent, translating to a median increase of 7 per cent, which is only marginally higher than the previous year. ....
India Inc. employees to get a 6.4% average salary hike in 2021: Survey Amongst sectors, consumer products, and high-tech companies are pegged to offer higher increments, however, energy and business process outsourcing sectors are projected to give the least hike Manali | February 11, 2021 | Updated 14:00 IST Salaries in India are projected to rise by an average of 6.4 per cent in 2021, marginally higher than the average actual increase of 5.9 per cent in 2020, according to a survey by Willis Towers Watson India Inc. employees are projected to get a 6.4 per cent average pay hike in 2021, but best performers are likely to get a 20.6 per cent increment in the upcoming appraisal season, according to a salary projection survey released by global consulting and advisory firm Willis Towers Watson. ....
India to see a 6.4% average salary increase in 2021: Survey SECTIONS Share Synopsis The increase is marginally higher than the average actual increase of 5.9% in 2020. 37% of the surveyed companies in India have projected a positive business revenue outlook for the next 12 months, up from 18% in Q3 of 2020, says the Salary Budget Planning Survey report by Willis Towers Watson. Agencies The survey was conducted online in October/November 2020, receiving over 18,000 sets of responses covering over 130 countries worldwide. Around 300 companies were surveyed in India. Salaries in India are projected to rise by an average of 6.4% in 2021, translating to a median increase of 7%, finds a survey. ....