India Inc is likely to give an average salary hike of 8.13% in 2022 as the country recovered from the after-effects of the Covid-19 pandemic-related disruptions,
According to a Report Said
Unlike 2020 and 2021, this year most of the job roles from across sectors have been considered for a salary hike, however, the increments will be moderate, as per the ‘Jobs and Salary Primer Report for FY2022 by TeamLease’.
From the 17 sectors reviewed in the above report, as many as 14 have indicated a single-digit hike and the median salary increment will be around 8.13%.
The revival coupled with the growing appetite for roles across profiles and sectors indicates that the modest approach will soon taper off and push the increments to reach the pre-Covid level,” TeamLease Services co-founder and executive vice president Rituparna Chakraborty said.
‘The Jobs and Salaries Primer’ is an annual report from Team-lease Services that has taken into consideration the salary payouts of more than 2,63,000 candidates across 17 sectors and nine cities.
Job Roles
The report further revealed that while conservatism is the underlying theme, employers are not shying away from rewarding skills, especially niche skills.
While sectors such as agriculture and agro-chemicals, automobile and allied, banking, financial services and insurance, BPO and IT enabled services, construction and real estate, educational services, fast moving consumer durable, fast moving consumer goods, hospitality, industrial manufacturing and allied, media and entertainment, power and energy, retail and telecommunication have doled out increment below 10%.
Courtesy: Livemint
