Are increments back this year?Indian companies are expected to dole out an average increment of 7.3% to employees this year amid faster-than-expected economic recovery and revival in business and consumer confidence, according to a survey.
The first phase of the 2021 Workforce and Increment Trends Survey by Deloitte Touche Tohmatsu India also said the average increment this year will be higher than 4.4% seen in 2020 but lower than 8.6% given by companies in 2019.
As many as 92% companies that participated in the survey plan to give an increment in 2021 compared to just 60% last year. The survey covered around 400 organizations.