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Salary increments in India to touch 5-yr high of 9.9% in 2022: Aon survey

By | SightsIn Plus |

Salary increments in India will touch a five-year high of 9.9 per cent in 2022 as organisations are planning to invest in new-age capabilities to build a resilient workforce amid strong economic recovery and positive business sentiment, a survey said on Wednesday.

According to leading global professional services firm Aon’s 26th Salary Increase Survey in India, organizations across industries project a 9.9 per cent salary increase in 2022, compared to 9.3 per cent in 2021.

The study that analysed data across 1,500 companies from more than 40 industries, noted that the industries with the highest projected salary increases are e-commerce and venture capital, hitech/IT and IT enabled services (ITeS) and life sciences.

Survey participants reported the highest attrition figure 21 per cent – in over a decade in 2021, the report said, adding that highest attrition in over two decades signifies the impact of ‘Great Resignation’ on India.

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