Indian companies likely to offer 7.7% salary hike in 2021: Survey

Companies in India are likely to offer a 7.7 per cent salary increase in 2021, one of the highest among the BRIC nations, and higher than the average actual increase of 6.1 per cent in 2020, says a survey.

Global professional services firm Aon Plc on Tuesday released insights from its latest Salary Increase Survey in India, as per which 88 per cent of the surveyed companies reported that they intend to increase salaries in 2021, as compared to 75 per cent companies in 2020, reflecting positive business sentiment.

The study, that analysed data across 1,200 companies from more than 20 industries noted that while salary increments indicate strong recovery, the Code of Wages could be a gamechanger.