Hr News

Muted impact of second Covid-19 wave: Companies hand out bigger pay hikes on green shoots

Source | | Saumya Bhattacharya | Sreeradha D Basu

One year into the pandemic, India Inc has doled out higher increments to employees than it initially planned as economic impact of the Covid-19 second wave seems muted with green shoots visible across sectors, according to industry experts and a recent survey.

Actual average salary increment for 2021 across companies in the country was 7.9% against 7.3% they had projected in March, as per ‘Covid-19 Impact and HR Trends’ survey by human resources consulting firm Omam Consultants.

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