Average Salary Increment in India to be 8.6% in 2022

Salary Increment in India

According to Deloitte’s Workforce and Increment Trends survey, in 2022, the average salary hike in India is expected to be 8.6%. The growth in increment is due to the lifted business confidence.

The figure matches the pre-pandemic levels of 2019. A quarter of the companies surveyed have estimated the double-digit hike.

In the survey, it was found that 92% of the companies offered 8% hike in 2021, compared with only 4.4% in 2020. In last year, only 60% of the companies extended the pay hike.

Deloitte surveyed around 450 organisations across seven sectors and 24 sub-sectors.