Annual salary increments expected to touch 8.6% in 2022: Deloitte survey

Approximately, 12 per cent employees were promoted in 2021, as compared to 10 per cent in 2020

More than two-thirds of India Inc recruiters believe they have returned to the pre-pandemic level of hiring. In the latest edition of the Workforce and Increments Trends Survey by Deloitte, almost 78 per cent of companies said they had started recruiting at the same pace that they had experienced before Covid struck. 

In line with improvement in business sentiments, the survey reveals that the average annual salary increments are expected to touch pre-pandemic levels of 8.6 per cent in 2022, up from 8 per cent estimated for 2021. About 25 per cent of companies surveyed have projected a double-digit increment in