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 Aon analysed data across 1,200 companies from more than 20 industries.
About 88% of the surveyed companies reported that they intend to increase salaries in 2021, reflecting positive business sentiment.
“We expect the increment dynamics for 2021 to play out over a longer period of time given the uncertainty and potential impact of forthcoming changes,” Nitin Sethi, Partner and CEO of Aon’s performance and rewards business in India, said in a statement.
Despite a tough 2020 with stringent lockdowns, India continues to project the highest salary increases among the BRIC (Brazil, Russia, India, China,) nations, said the report. — IANS