According to the Michael Page Salary Report 2022, the salary of employees is expected to increase by an average of 9 percent this year.
Salary Hike: For employees working in the corporate sector, this year can be better in terms of salary hike. In fact, according to a report, Indian companies can increase the salary of their employees by an average of 9 percent this year. Salaries are expected to increase due to more positive investments, especially in manufacturing and infrastructure development. This report has been released by Michael Page India. According to the Michael Page Salary Report 2022, the salary of employees is expected to increase by an average of 9 percent this year. Compared to the 7 percent average hike given in the year 2019 before the Corona epidemic, it is 2 percent more.
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what is in this report
It has been said in this report that this year can be better for employees working in startups, new-age corporations and unicorns as well. It is estimated that the salary of these employees can also increase by an average of 12 percent. It has been said in the report that employees associated with banking and financial services industry, property and construction sector and manufacturing sector can also get good salary hike this year.
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These employees will benefit more
Senior level professionals with computer science background can get the benefit of highest salary hike this year. The reason for this is that e-commerce business is growing rapidly and companies are doing digital transformation of their business. Data scientists (especially those with machine learning), web developers and cloud architects will be in high demand this year, especially if they have a bachelor’s degree or master’s degree from a top-rated university, the report said. The report further states that the average salary of technologists is expected to be higher than that of professionals with similar educational qualifications in other jobs.
(Input-PTI)