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92% companies to give salary hikes; increments to jump to 7.3% from 4.4% in 2020: Survey

Source | | Sreeradha Basu

Kolkata: Average increments for India Inc are expected to go up to 7.3% from 4.4% in 2020, with 92% companies planning to give increments in 2021, compared to only 60% in 2020, says the 2021 Workforce and Increment Trends Survey (Phase 1) by Deloitte Touche Tohmatsu India.

More employees are also likely to get double-digit average increments, with 20% percent companies planning to give them in 2021, compared to only 12% in 2020, in line with the faster-than-expected economic recovery,

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