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Mint Lite | Fight against Covid, Eritrea base dismantling, increments & more

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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.

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