India Inc projected to pay 9.4% salary hike in 2022, a four-year high

  • India Inc projected to pay 9.4% salary hike in 2022, a four-year high.
  • NEW DELHI : India Inc. is projected to pay an average 9.4% salary hike in 2022, a four-year high as companies turn positive about economic recovery, build resilience and a talent war picks up effecting a high attrition rate of 20%. According to AON annual salary survey the 2022 projection of an average 9.4% salary increase is a sign of strong economic recovery and improved consumer sentiment also underlines a brewing talent war.
  • The 9.4% average pay hike is highest in six years except 2018 when the average increment was 9.5%. To be sure, the 2021 average pay hike of 8.8% pay hike was higher than the expected pay hike of 7.7% as the economy opened up, and the companies became resilient to deal with the second wave and manage their growth.
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