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Salary increments: It’s likely to be old normal in 2021 March 04, 2021 Despite its best intentions, any corporation will find it challenging to carry employees throughout their career if they do not see enough value. However, what it can help do is to ensure that its workforce is abreast with the future skills.   -  Getty Images/iStockphoto Despite its best intentions, any corporation will find it challenging to carry employees throughout their career if they do not see enough value. However, what it can help do is to ensure that its workforce is abreast with the future skills.   -  Get...

“This uptick is still a conservative one than any of us would have seen in previous years. Companies are being conservative than being exuberant at this point. Promotions and promotion-linked pay increases have gone up. There’s a 250-basis-point (100bps = 1 percentage point) increase in the percentage of employees that will get promoted this year,” said Anandorup Ghose, partner at DTTILLP Workforce and Increment Trends Survey. About 400 organisations participated in this edition across seven sectors. Deloitte said organisations adopted a very conservative approach to promotions last ye...

Companies in India likely to give 7.3% average increment this year: Survey PTI New Delhi | Updated on February 18, 2021 × The first phase of the 2021 Workforce and Increment Trends Survey by Deloitte Touche Tohmatsu India LLP also said the average increment this year will be higher than 4.4 per cent seen in 2020 but lower than 8.6 per cent given by companies in 2019 Companies in India are expected to dole out an average increment of 7.3 per cent to employees this year amid faster-than-expected economic recovery and revival in business and consumer confidence, according to a survey. The firs...

Of the companies that did not give an increment in 2020, only about 30% plan to compensate employees for the previous year through higher increments and/or bonuses.

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