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India Inc likely to offer average salary increment of 7.7% this year

E-com, venture capital-backed firms to give best raise at 10.1%: Aon survey

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The projected average increment of 7.7 per cent in 2021 is higher than the actual raise of 6.1 per cent in 2020, but is lower than the 9.3 per cent recorded in 2019

Vinay Umarji Ahmedabad
With positive sentiment gradually growing in India Inc after a tough, pandemic-hit 2020, the average salary increment is projected to rise to 7.7 per cent in 2021. Last year, it was 6.1 per cent.

According to the findings of the Salary Increase Survey in India by leading global professional services firm Aon plc, 88 per cent companies plan to give increments to their employees, as against 75 per cent firms in 2020. The study analysed the data of 1,200 companies across more than 20 industries.

“There is a sharp reduction in the number of companies going for a zero increment, down from

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First Published: Feb 24 2021 | 6:10 AM IST

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