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What is the average salary hike in IT industry in India?
Average Salary Hike In India: 8.6\% In 2022, IT Sector Will Offer the Highest [REPORT]
What is average hike in IT industry?
Around 92\% companies in India gave an increment at an average of 8\% in 2021 compared with only 4.4\% in 2020 where just 60\% companies had extended a pay hike, according to a survey findings.
Is 8\% a good hike?
Average salary hike in 2022 to be 8.6\%: Survey The survey found that 92\% of companies gave an average hike of 8\% in 2021, compared with only 4.4\% in 2020. Only 60\% of companies had extended a pay hike last year. Deloitte’s latest report surveyed over 450 organisations across seven sectors and 24 subsectors.
What is yearly hike in Flipkart?
It wasn’t too long ago when Flipkart employees enjoyed a generous average annual pay hike of 40 percent. The company will also pay employees a single bonus of 10-15 percent of their annual salary as opposed to the existing biannual payout, the report quoted a source as saying.
What will be the average salary hike in India for 2020-21?
New Delhi: Companies operating in India are likely to give an average salary hike of 7.8 per cent to their employees for the financial year 2020-21, according to a survey by Deloitte India.
What is the average salary increase in India for 2019?
Aon today released the 23rd edition of its annual Salary Increase Survey in India. Employees working at India Inc can expect an average pay hike of 9.7\% for the year 2019, according to Aon, a professional services firm.
What is the criteria for salary hike in a company?
Salary hike is dependent on many factors – Company performance in that fiscal year, your performance, Stakeholders decision on sharing profit, what position are you playing in the company, bench-marking external norms (other companies) Salary hike varies depends on your technology and the employers urgency.
How much is a 15\% hike on a 5l salary package?
A 15\% hike on 5L package is peanuts as compared to the same percentage for a 30L package. So hikes at a lower level can easily run upto 20-30\% i… It depends. Few companies give less starting salary but very high hikes. Few companies have chocolaty initial salary but less growth.