Indian employees to get the biggest salary hikes amongst Asia-Pacific countries next year

Oct 20, 2021 By: Vaamanaa Sethi Credit: Pixabay

As companies across the globe are recovering from the economic fallout due to COVID-19,...

...employees may enjoy a good salary increase next year. Credit: Pixabay

According to Willis Towers Watson report, Indian employees are projected to get an average of 9.3 percent...

...salary hike next year, a 1.3 percent increase in 2022 as compared to 2021. Credit: Pixabay

As India continues to be a large emerging market, it witnessed the highest salary hike...

...(8 percent) in the year 2021 as compared to other Asia-Pacific regions. Credit: Pixabay

The report further revealed that India will continue to witness the highest salary hike next year (2022) also.

After India, Vietnam will see an 8 percent salary increment,...

...followed by Indonesia with 6.90 percent and China with 6 percent. Credit: Pixabay

Japan, Australia and Taiwan are the three countries...

...that will observe the least percentage of salary increase next year with 2.40 percent, 3 percent and 3.50 percent respectively in 2022. Credit: Pixabay

Not only salary hikes, attrition rates in India at 8.90 percent, have also been...

...comparatively lower than other countries in this region in 2021. Credit: Pixabay

The report also shed some light on the hiring across sectors.

Engineering, Information Technology, technical skill trades, sales and finance will command a higher percentage of salary as compared to other sectors in India. Credit: Pixabay

“Increased business optimism is clearly translating into higher salary budgets and increased hiring activity.

This trend is likely to reshape the people spend and total rewards philosophy in India going forward” said Rajul Mathur, consulting leader of Talent and Rewards, Willis Towers Watson. Credit: Pixabay

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