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Nearly 90% companies planning salary hikes in 2021: Aon India Survey

Quantum of hikes also set to improve, as 61% are planning increments of 5-10% as compared to only 4.5% in 2020

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IT, pharma & life sciences and ITeS among those looking to pay highest increase in salary

In what may bring some cheer to the pandemic-hit India Inc’s workforce, global professional services company Aon’s latest Salary Trends Survey in India has projected that 87 per cent of the surveyed companies plan to give salary hikes in 2021. The share of companies projected to offer at least some percentage of salary hikes in 2021 has risen from 71 per cent in 2020, when the Covid-19 pandemic took a toll on salary increment plans across sectors.  The extent of salary hikes is also set to improve in 2021, with roughly 61 per cent of the 87 per cent companies ...