Good news for job seekers!  There will be a bumper increase in salary this year, the record of 5 years will be broken, know who will benefit the most

Good news for job seekers! There will be a bumper increase in salary this year, the record of 5 years will be broken, know who will benefit the most

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new Delhi. This year for the salaried in terms of salary increase (Record Salary Hike in 2022) is the best living in the last five years. This year, domestic companies pay salaries of their employees (Employees Salary) by up to 9.9 per cent, which is the highest since the 10.2 per cent increase in 2016. Last year i.e. in 2021, there was an increase of 9.3 percent in the salary of the employees.

Global professional services firm Aon said in its 26th wage growth survey that BRICS (a group of 5 countries comprising Brazil, Russia, India, China and South Africa).BRICS) The highest salary is expected to increase this year in India itself. This year the salary of employees is estimated to increase by 5 percent in Brazil, 6.1 percent in Russia and 6 percent in China. The survey report is based on analysis of data from 1,500 companies from over 40 industries.

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Salary increased in unit points after 2016
2016 10.2 percent
2017 9.3%
2018 9.5%
2019 9.3%
2020 6.1%
2021 9.3 percent

Which sector will see the biggest growth?
This year the e-commerce sector (E-Commerce Sector) is expected to have the highest salary increase of 12.4 per cent. Hi-Tech / Information Technology (IT Sector) in 11.6 percent and professional services (Service Sector) may increase by 10.9 percent. IT enabled services are expected to grow by 10.7 per cent, metals and mining at 8.3 per cent, restaurants at 8.5 per cent and cement at 8.6 per cent.

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Why will there be an increase in the salary of the employees?
According to the survey, due to the strong improvement in the financial position of the companies and positive business sentiment, the companies are going to make a record salary increase this year. Companies are planning to invest in new age capabilities to build a combative workforce. The job loss rate has increased rapidly during the pandemic. That’s why companies are also resorting to salary hike to stop their energetic and efficient employees.

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Job abandonment rate highest in 2 decades
The report said that in 2021, the job loss rate of employees was 21 percent, which is the highest in two decades. In 2020, this rate was 12.8 percent. Nitin Sethi, CEO & Partner, Aon Human Capital Solutions, said that the wage hike is like a double-edged sword for companies considering the rate of employee leaving the job. At the same time, this is good news for the employees in the turbulent times.

Tags: Employees salary, Salary hike

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