Survey claims: Highest salary increase expected in five years due to strong improvement in financial condition, salary may increase by 9.9 percent


Posted on 17th Feb 2022 02:48 pm by rohit kumar

This year is going to be the best in the last five years for the salaried person in terms of salary increase. Domestic companies are expected to increase the salaries of their employees by up to 9.9 percent this year, the highest since the 10.2 percent increase in 2016. Last year i.e. in 2021, there was an increase of 9.3 percent in the salary of the employees.

 

 

Global professional services firm Aon said in its 26th wage growth survey that India is expected to see the highest salary increase this year in the BRICS, a grouping of five countries comprising Brazil, Russia, India, China, and South Africa. Workers' salaries are projected to increase by 5 percent this year in Brazil, 6.1 percent in Russia, and 6 percent in China. The survey report is based on an analysis of data from 1,500 companies from over 40 industries.

 

 

Salary increased in unit points after 2016

2016 - 10.2 percent

2017 - 9.3%

2018 - 9.5%

2019 - 9.3%

2020 - 6.1%

2021 - 9.3%

 

The biggest growth in e-commerce

 

This year the e-commerce sector is expected to see the highest wage growth of 12.4 percent.

Hi-tech/information technology could grow by 11.6 percent and professional services by 10.9 percent.

IT-enabled services are expected to grow by 10.7 percent, metals and mining at 8.3 percent, restaurants at 8.5 percent, and cement at 8.6 percent.

 

These reasons will increase

 

According to the survey, due to strong improvement in the financial position of the companies and positive business sentiments, the companies are going to make a record salary increase this year. Companies are planning to invest in new-age capabilities to build a combative workforce. The job loss rate has risen sharply during the pandemic. Hence companies are also resorting to wage hikes to stop their energetic and efficient employees.

 

Job abandonment rate highest in 2 decades

 

The report said that in 2021, the job loss rate of employees stood at 21 percent, which is the highest in two decades. In 2020, this rate was 12.8 percent. Nitin Sethi, CEO & Partner, Aon Human Capital Solutions, said that the wage hike is like a double-edged sword for companies considering the rate of employee quitting. At the same time, this is good news for the employees in turbulent times.

1 Like 0 Dislike
Previous news Next news
Other news

UN Report: India will struggle the most with water crisis by 2050, PAK-China also in trouble, UN report claims

A big claim has been made about India in a United Nations report. It has been said that by 2050,

Punishment for treason for clapping, once again the dictatorial face of China came to the fore

The dictatorial face of China has once again come to the fore. A surprising case has come to ligh

BCCI cameraman injured by Rishabh Pant's shot, DC captain apologized by giving 'special message'

Delhi Capitals captain Rishabh Pant apologized to the BCCI cameraman who was injur

Police started a rebellion against the Shahbaz government. Why did thousands of soldiers have to be deployed in PoK?

The situation in Pakistan-Occupied Kashmir (PoK) continues to deteriorate. Following the Awami Ac

Weather Update: Warning of heavy rain for the next 5 days in these states of the country, know when will you get relief from the heat in your area including Delhi

The mercury is above 45 degrees in the states adjoining Delhi-Rajasthan of West-North India. Acco

Kerala: Congress workers extorting money for 'Bharat Jodo Yatra'! The assault on the vegetable seller

Bharat Jodo Yatra is being taken out under the leadership of Congress leader Rahul Gandhi. This y

'Why is Sonia silent on the insult of Sanatan?', BJP asked - Did I.N.D.I.A. happen to destroy the Hindu religion? Formation of

Tamil Nadu Minister of State Udhayanidhi Stalin had made a controversial comment regarding Sanata

'India is a Hindu nation, it doesn't need constitutional proof,' says Mohan Bhagwat in a major statement.

Rashtriya Swayamsevak Sangh (RSS) chief Mohan Bhagwat said on Sunday, December 21, during an even

Uttarkashi Tunnel: The company will bear the expenses of the Silkyara Tunnel rescue operation, NHIDCL is preparing the details.

Navyuga, the company constructing it, will bear the expenses of the rescue operation to safely ta

India Vs Pakistan: You will be able to see the IND vs. PAK match in the World Cup only if you invest your lifetime earnings! Only one ticket sold for 50 lakhs

IND vs. PAK World Cup 2023 Ticket: If you are thinking of enjoying the great match between India

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash