87 per cent: The percentage of Indian companies planning pay hikes in 2021.
- According to global professional services company Aon's latest survey on salary trends in India, 87 per cent of the surveyed companies plan to give pay hikes in 2021.
- This piece of news should bring cheer to many corporate employees who have suffered salary cuts this year. In 2020, the corresponding figure stood at 71 per cent.
- The extent of salary hikes is also set to improve next year. Sixty-one per cent of the companies that plan to give salary increments will do so in the range of 5-10 per cent, compared to only 45 per cent in 2020.
- Against an actual average salary rise of 6.1 per cent in 2020, the average salary hike in 2021 is expected to be 7.3 per cent.
- The survey included 1,020 organisations spread across 20 industries.
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