Employees May Get Average 8.8% Pay Hike In 2022
The Morning Standard|October 21, 2021
Professionals can heave a sigh of relief as it might be time to bid goodbye to salary cuts and freeze in appraisals, with pay rises seeming to be making a comeback.
Samiksha Goel

Companies in India, in response to recovery from business challenges caused by the pandemic, are planning on giving employees bigger hikes in 2022. Salaries are projected to see a median increase of 9.3% next year (translating to an average salary increase of 8.8%) as compared to the actual median salary increase of 8% (average salary increase of 7.4%) in 2021, according to Salary Budget Planning Report released on Wednesday by global advisory, broking and solutions firm Willis Towers Watson.

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