Firms to give 9.1%, salary increments in 2022, beat pre-Covid levels: Study

Almost all 450 organisations that participated in Deloitte Touche Tohmatsu survey are planning to give hikes.

As business sentiment improves and companies take measures to counter employee attrition, corporate India is likely to loosen its purse string in 2022 to retain and attract talent.  

As a result, average salary increments in 2022 are expected to cross the pre-Covid levels, finds an India-specific survey of workforce and increment trends.

Average increment in 2022 is expected to go up to 9.1 percent--this is 50 basis point higher than the pre-Covid year average increment in 2019 (8.6 per cent), the study said, based on a survey among HR professionals from 450 organisations.

Average increments dropped to 4.4 per cent