India To See Salary Hike At 9.3% In 2022: Report
Bhubaneswar, Oct. 20 -- After a pandemic-induced lull, pay rises are making a comeback. With India projected a salary increase of 9.3 per cent next year, the country is set to be the highest payer in Asia Pacific, according to a report.
This is an increase of 8 per cent compared to 2021, revealed the latest report by advisory, broking and solutions company Willis Towers Watson.
India is followed by Sri Lanka (5.5 per cent), China (6 per cent), Indonesia (6.9 per cent), and Singapore (3.9 per cent) for the highest salary increase for 2021 in the Asia Pacific region.
Pointing towards a much-anticipated economic recovery, a majority (52.2 per cent) of companies in India have projected a positive business revenue outlook for the next 12 mo...
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