2020 was a bad year for salaried folks, with even global professional services firm AON conceding India Inc offered the lowest ever salary increment in at least 15 years. But, 2021 might just be different!
AON’s survey of 1050 organisations in over 20 sectors forecasts an average 7.3% salary increment in 2021, and its how companies are planning budgets for the next year. This is according to a survey titled “Salary Trends Survey 2020-2021”. In 2020, the average salary hike was 6.1%, and even lower than in the aftermath of the 2008 great financial crisis.