Better days seem to be seen for employees in India.  According to the First-phase of the 2021 Workforce and Increment Trends Survey by Deloitte Touche Tohmatsu India LLP (DTTILLP),   it says, the average increments for India are expected to go up to 7.3 percent from 4.4 percent in 2020, with 92 percent of companies planning to give increments in 2021, compared to only 60 percent in 2020, considering the economic recovery post coronavirus lockdown. 

It also said the average increment this year will be higher than 4.4 percent seen in 2020 but lower than 8.6 percent given by companies in 2019. As many as 92 percent of companies that participated in the survey plan to give an increment in 2021 compared to only 60 percent last year. The survey, launched in December 2020 as a B2B India-specific survey, covered around 400 organizations spread across seven sectors and 25 sub-sectors.

"Average increment for companies in India is expected to go up to 7.3 percent from 4.4 percent in 2020. This 7.3 percent projected increment is lower than the 8.6 percent average increment in 2019. "The increase in increment budgets is in line with the faster-than-expected economic recovery, revival in business and consumer confidence, and early signs of improving corporate profitability," it said. As per the findings, 20 percent of companies plan to give a double-digit increment this year compared to only 12 percent in 2020.

India to witness average salary increase of 6.4 percent in 2021: Survey

Big announcement of High Court, says, 'If husband's salary increases, wife is also entitled to an allowance'

Agriculture Minister Kamal Patel warns cooperative workers