New Delhi: There is good news for employees (Private Sector Employees) working in the private sector. Next year there may be a tremendous increase in their salaries. The corporate world has increased its employees by an average of 8 per cent in 2021. But Deloitte's survey revealed that the average wage growth for 2022 is likely to go up to 8.6 per cent.
Thus, next year, private sector employees may get a good salary increase. According to the second phase of Deloitte's Workforce and Salary Increment Trends Survey 2021, 92 per cent of companies increased salaries by 8 per cent in 2021 compared to just 4.4 per cent in 2020. The survey revealed that in 2022, the IT sector is projected to have the highest wage growth. This will be followed by an increase in the salaries of employees in the Life science sector. There will be less growth in retail, hospitality, restaurants, infrastructure and real estate. Companies in these sectors can deliver the lowest wage growth, according to their business growth.
In 2020, only 60 per cent of companies increased the salaries of employees. The survey was launched in July. It had more than 450 companies. The survey was first known to professionals from experienced human resources (HR). The survey covered 450 companies. According to the survey, companies will continue to differentiate wage growth based on skills and performance.