News: You may see a 15% hike in salary this year

Compensation & Benefits

You may see a 15% hike in salary this year

All the talk about the revival after the slowdown is going to finally show up your wallets. Most companies are approaching the appraisal season and HR experts say early indications are that there will be a marginal increase hikes this year. "This year has been cautious but has not been as bad as last year, so hikes will be better than last year, albeit marginally," said Ashok Reddy, co-founder of staffing company TeamLease Services. Annual hikes could be between 12% and 15%, slightly higher than the 10-12% last year, as companies have to rate their workforce, he said.

All the talk about the revival after the slowdown is going to finally show up your wallets. Most companies are approaching the appraisal season and HR experts say early indications are that there will be a marginal increase hikes this year. "This year has been cautious but has not been as bad as last year, so hikes will be better than last year, albeit marginally," said Ashok Reddy, co-founder of staffing company TeamLease Services. Annual hikes could be between 12% and 15%, slightly higher than the 10-12% last year, as companies have to rate their workforce, he said.

Read the Times of India news report here.

Read full story

Topics: Compensation & Benefits, #Trends, #National, #TotalRewards

Did you find this story helpful?

Author

QUICK POLL

What are the top work tech investment focus areas for your company currently?

2 months free subscription
q_auto,f_auto/v1651472550/mag-april-2022.png

Subscribe to all new People Matters HR Magazine

.

Subscribe
And Save 59% plus Two months free

Subscribe now

Higher expectations must be matched with higher value.

READ our latest issue to find out how employers are ramping up EVP.