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Increment in India: In the era of rising inflation and weak condition of the global economy, job-seekers can get some relief. According to a report, the employees of the country will get an average of 10.4% increment in this financial year. This year also, the salary of employees has increased by an average of 10.6 percent. According to global professional services firm AON, despite the high salary hike, companies and institutions remain in trouble.
According to AON’s annual wage growth survey, salaries in India are expected to increase by 10.4 percent in 2023 as compared to an actual increase of 10.6 percent in 2022. The study analyzed data from 1,300 companies in over 40 industries in India. The job loss rate in the first six months of 2022 was 20.3%, down from 21% in 2021. According to the report, companies in the e-commerce sector will give the highest increment of 12.8 percent to employees in 2023. This will be followed by start-ups at 12.7 per cent, hi-tech / information technology-enabled services at 11.3 per cent and financial institutions at 10.7 per cent.
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At the same time, in the recent survey conducted by TeamLease for the financial year 2022, it was told that unlike the last two years, this year all sectors have been considered for salary increase. However, the growth will be moderate. It was said in the report that this year the average salary increase is likely to be around 8.13 percent. Because the country has recovered from the effects of disruptions related to Corona. Looking at these reports, the employed people can take a sigh of relief. Apart from this, it is also expected that there will be an average amount of new recruitments in various sectors.
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