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Friday, February 23, 2024
HomePersonal FinanceGood news : Indian companies will offer 6-4 percent average salary hike...

Good news : Indian companies will offer 6-4 percent average salary hike to employees in 2021

Growth in high technology, pharmaceuticals, consumer products, retail projects is more than usual. Up to 8 percent increase can be found in this group.

Good news for the working class

New Delhi: Every year the working class is waiting for increment from the month of February. Although it is available every year but due to Carona epidemic last year, there was no increase in most places. In such a situation this year is good news for the people involved in this category.




Better increment than last year

This is the good news from a company, which said that your salary may increase this year. Consulting and advisory firm named Willis Towers Watson has said that companies are in the process of giving increments and this year, on an average, salaries could increase by about 6.4 per cent. Which is better than the last few years.

Market remains optimistic

Willis Towers Watson firm has said that Indian companies gave 5.9% increments in the previous year i.e. 2020. But this increase will increase this time. This year, the market remains optimistic and is returning to the path following the Corona epidemic. This is the reason why companies will not back down from giving increments to their employees.

High Skilled Talent will get priority

According to Willis Towers Watson, this time companies are going to spend more money on skilled people. He said that the market is in a phase of recovery. During this time there are also many challenges for companies. In such a situation, companies want to keep their old staff with them and are willing to spend a little more for this.

Also Read: Domestic Airfare gets costlier: Government increase fares up to 30 percent




Which sector is more beneficial, which is less?

According to the firm’s report, growth in high technology, pharmaceuticals, consumer products, retail projects is more than usual. Up to 8 percent increase can be found in this group. Financial services, manufacturing sector may increase by about 7%, BPO sector by 6%. However, the growth in the energy sector will be the lowest, which is being said to be only 4.6%.

Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ informalnewz@gmail.com
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