Average hike in 2022 to be 8.6%: Survey

The average salary increment in India is expected to be 8.6% in 2022, buoyed by improved business confidence. The increments match the pre-pandemic levels of 2019. A quarter of the companies in a latest survey have projected a double-digit hike. The survey found that 92% of companies gave an average hike of 8% in 2021, compared with only 4.4% in 2020.

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