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As business sentiment improves and companies take measures to counter employee attrition, corporate India is likely to loosen its purse string in 2022 to retain and attract talent.
As a result, average salary increments in 2022 are expected to cross the pre-Covid levels, finds an India-specific survey of workforce and increment trends.
Average increment in 2022 is expected to go up to 9.1 percent--this is 50 basis point higher than the pre-Covid year average increment in 2019 (8.6 per cent), the study said, based on a survey among HR professionals from 450 organisations.
Average increments dropped to 4.4 per cent
