Salary Hike: Bloomberg has claimed in its report that companies can increase the salary of their employees in the next financial year.
Indian employees are expecting a good increase in their salary in the next financial year. Experts have said that companies are expected to emerge from the lockdown imposed to prevent the infection of COVID-19. Companies were badly affected due to the Corona crisis. It has also affected the employees. People waiting for the increment have been disappointed. But Bloomberg has claimed in its report that in the next financial year, companies can increase the salary of their employees.
A Bloomberg report claimed that the sectors that are being offered big salary hikes in India include e-commerce, information technology, pharmaceutical and financial services. However, sectors like aerospace, hotels and hospitality will take some more time to bounce back.
This percentage can increase
If all goes well and India is able to deal with the third wave of COVID-19, a Bloomberg report said that employees in India can expect up to 8 per cent growth in the next fiscal year starting April 2022 . This is good news for private sector employees in India as they have to face job loss or salary cuts due to the pandemic.
Let us tell you that earlier the Finance Ministry had issued an order to implement the decision of the Union Cabinet to increase dearness allowance for central government employees to 28 percent from July 1. Apart from this, pensioners will also get 28 per cent hike in their DR from July itself.
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