Aon Survey projects 9.4% avg salary increment in 2022, up from 8.8% in 2021

Despite the second wave of Covid-19 hitting the nation hard, Indian organisations have displayed resilience in riding through the tough times, and salary increments in 2022 could touch pre-Covid levels, according to a survey.

Leading global professional services firm Aon plc’s latest Salary Increase Survey in India has projected a 9.4 per cent average annual salary hike next year, as against 8.8 per cent in 2021 and 9.3 per cent in 2019. Covering 1,300 companies across 39 sectors, the survey has found that more companies are willing to give salary increments.

Talking about the findings, Roopank Chaudhary, partner in Aon’s human capital business, said that as against nearly 37 per cent of companies offering 8 to 10 per cent salary hike in 2021, the projections for 2022 stand at 43 per cent for the bracket.