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Latest insights on Human Resource and Workforce related topics in India and articles from HR thought leaders at Aon.

India to See Higher Salaries as Firms Look Beyond Covid Hit

23 Jul 2021 by  Bloomberg

Paychecks could rise about 8% in the financial year starting April 2022, especially if authorities avert a third wave of the virus, according to Michael Page and Aon Plc. That’s higher than the 6%-8% surveys predicted for the current year.

India has historically always reported Asia’s highest increases -- and is expected to do so for at least the next two years -- but the magnitude has been declining in recent years after double-digit inflation earlier in the decade eased. Consumer prices have risen again during the pandemic, but have been mainly attributed to short-term supply issues.

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Bloomberg