Startups pay higher increments to retain talent than overall industry; over 50% employees exceed expectations
24 Sep 2021 by Financial Express
Indian startups are paying nearly double salary increments to retain talent as compared to the overall industry. According to global professional services firm Aon’s India Salary Increase Survey 2021-22, salary increment in startups is being projected to grow from an actual average of 15.7 per cent in 2021 to a projected average of 16.9 per cent in 2022. On the contrary, findings in the latest Salary Increase Survey in India showed that in the overall industry, salary hike will grow to a projected average of 9.4 per cent by next year, from actual 8.8 per cent in 2021. Similarly, the survey showed that 14.7 per cent of employees got promoted in startups against 11.6 per cent in the overall industry.
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