Companies in India are projected to dole out an average salary hike of 9.1 per cent this year, the highest level in the Asia Pacific region, as they look for key talent and niche skills, says a report. However, the quantum is lower than 9.3 per cent increase seen in 2019 and also the lowest in a decade.
Leading HR consultancy Aon’s annual salary hike survey released on Tuesday also showed that around 39 per cent of the companies surveyed are expected to give as much as 10 per cent increase in pay. The results are based on responses from over 1,000 organisations spread across more than 20 industries.
You might also be interested to read: India Never Lacked Resources, Skills; Needs To Work With Comprehensive Mindset: PM Modi
In the Asia-Pacific region, India is expected to dole out the highest salary hike at 9.1 per cent, followed by China at 6.3 per cent this year. For India, the previous lowest quantum of hike was 6.6 per cent in 2009, as per Aon.
Source: Business Line
