Organisations in India project 9.4% salary increase in 2022: Aon survey
The Hindu
The top three sectors with the highest salary increase projected for 2022 for India are technology, e-commerce and IT-enabled services.
Notwithstanding the COVID-19 second wave hitting the nation hard, Indian organisations have displayed resilience, and the salary increment is being projected to grow from an average of 8.8% this year to an estimated average of 9.4% in 2022, according to a survey. According to the Aon's 26th Annual Salary Increase Survey released on Tuesday, most businesses have an optimistic view going into 2022, with 98.9% of companies intend to give salary increases in 2022, as compared to 97.5%companies in 2021. There is positive sentiment across most sectors, and India Inc. is firmly on the path to recovery, with most firms projecting salary hikes back to FY 2019 levels by FY 2022
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Five top firms lose ₹1 lakh crore in market value, with HDFC Bank experiencing the largest decline of ₹56,124.48 crore.