Cheer for employees as 2022 likely to usher in fatter pay cheques
24 Oct 2021 by Business Today
The year 2022 is set to bring cheer for employees as a combination of high attrition in a few sectors, better performances by companies and some cost saving due to hybrid working model are likely to beat pre-pandemic levels of hikes, with companies possibly shelling out even double-digit salary hikes for certain niche skill sets.
HR services firms Willis Towers Watson and Aon have projected salary hikes of 9 per cent and 9.3 per cent for 2022, respectively, with the Willis study even saying that Indian companies are likely to emerge as one of the best paymasters in the Asia Pacific region in the year. The respective 2021 increment figures stood at 7.4 per cent and 8.8 per cent, according to the agencies.