If you work in private sector then this news is special for you. In fact, your salary (Salary Hike) is expected to increase this year. If your salary was not increased last year due to Coronavirus, then this news will give you relief. A survey has come out about the salary increase which has been done by Willis Towers Watson.
According to this survey, in India, a salary increase of 6.4 percent is expected during 2021, which is slightly higher than the average increase of 5.9 percent in 2020. According to Willis Towers Watson’s latest Wage Budget Planning survey report, the average wage increase in 2021 is estimated to be 6.4 percent.
Rajul Mathur of Willis Towers Watson said that business optimism is now visible in India after the crisis of Corona epidemic, but it is yet to have full impact on the salary hike. Mathur further said that companies will prioritize retaining highly skilled talent with lower budget as compared to last year and more emphasis can be placed on payment on performance basis.
Also Read: Post Office Monthly Income Scheme: Monthly income scheme of post office gets more interest from FD, benefit of guaranteed income after retirement
Salary is going to increase from March: Good news is coming for those working in government bank here. Actually his salary is going to increase. Work has been done to increase the Dearness Allowance (DA) of government bank employees by 3.3%. This increase is from February 2021 to April 2021. Recently, the Indian Banks Association (IBA) has worked to issue its order.
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