Amid coronavirus pandemic and the consequent lockdown, companies in India doled out an average salary increase of 6.1% this year, the lowest in more than a decade, says a survey. The survey showed organisations in the country have shown tremendous resilience despite the Covid-19 challenges and are betting on recovery. As many as 87% companies plan to give salary increases in 2021 compared to 71% in 2020. According to the survey, companies in India gave an average pay increase of 6.1% during 2020, the lowest since 2009 when the average was 6.3%. We see high differentials in salary increases -- both intra and inter-industry.

Source: Mint November 04, 2020 09:33 UTC