After implementing salary cuts last year, employers in the Philippines are projecting slight pay hikes this year to average 5.6 percent, signaling economic optimism for 2021, according to a salary budget planning survey report.
The latest report by Willis Towers Watson (WTW)’s, which survey’s sa
India Inc. employees to get a 6.4% average salary hike in 2021: Survey
Amongst sectors, consumer products, and high-tech companies are pegged to offer higher increments, however, energy and business process outsourcing sectors are projected to give the least hike
Manali | February 11, 2021 | Updated 14:00 IST
Salaries in India are projected to rise by an average of 6.4 per cent in 2021, marginally higher than the average actual increase of 5.9 per cent in 2020, according to a survey by Willis Towers Watson
India Inc. employees are projected to get a 6.4 per cent average pay hike in 2021, but best performers are likely to get a 20.6 per cent increment in the upcoming appraisal season, according to a salary projection survey released by global consulting and advisory firm Willis Towers Watson.
Backed by growth in pharmaceutical, high tech, and consumer products sectors amid the Covid-19 pandemic, India is set to see a median increase in salaries of 7 per cent in 2021, the highest among key Asia Pacific markets, according to a survey. However, the average salary growth in 2021 is projected at 6.4 per cent. This is slightly lower than last year, when the median increase was 7.5 per cent and average was 5.9 per cent, the latest Salary Budget Planning Survey by Willis Towers Watson has found. Compiled by the NASDAQ-listed Willis Towers Watson’s Data Services Practice, the survey, conducted online in October and November, received over 18,000 responses from 130 countries. Among key markets in Asia Pacific, India is followed by Indonesia (6.5 per cent), China (6 per cent), Philippines (5 per cent), Singapore (3.5 per cent) and Hong Kong (3 per cent) in terms of median growth.
Salaries in India are projected to rise by an average of 6.4 per cent in 2021, marginally higher than the average actual increase of 5.9 per cent in 2020, according to a Willis Towers Watson survey.
Number of pay freezes in Ireland to decline in 2021
Written by Robert McHugh, on 17th Dec 2020. Posted in General
Private sector workers in Ireland are set to receive average pay rises of 2.3% in 2021, this compares to an average pay rise level of 2.1% recorded in 2020.
Furthermore, in 2021 only 11% of private sector companies in Ireland are expecting to freeze pay, compared to 23% of businesses who introduced such measures in 2020, most likely because of the initial impacts of the COVID-19 pandemic.
This is according to a Salary Budget Planning Report compiled by Willis Towers Watson’s Data Services Practice. The survey was conducted online in October/November 2020, receiving over 18,000 sets of responses covering over 130 countries worldwide. The Irish research consisted of responses from 258 companies.