Muted salary hikes in 2021, pay to rise only 1 per cent : Bulletin: Business Today
Business Today

Muted salary hikes in 2021, pay to rise only 1 per cent

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Rashi Bisaria | February 13, 2021

Muted salary hikes in 2021, pay to rise only 1 per cent: survey

After job losses and paycuts in 2020, the year 2021 is being welcomed with hope and optimism. But, as many sectors are still recovering from the impact of the pandemic, the salary hikes for the year are still muted. The year 2020 saw an average actual increase of 5.9 per cent in salaries. According to a salary survey by Willis Towers Watson, the projected salary rise to be given to Indian workforce in 2021 is at an average of 6.4 per cent, translating to a median increase of 7 per cent, which is only marginally higher than the previous year.

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