Average height of 9% in the salary is expected this year

India Inc is expected to give an average hike of 9 per cent salary hike this year due to a more favourable investment outlook, especially in manufacturing and infrastructure development, according to a report.

The standard salary enhancement in 2022 is going to be 9 per cent against 7 per cent in the pre-pandemic year of 2019, according to the Michael Page Salary Report 2022.

Together with the unicorns, startups and new-age corporations are set to lead this trend with a commonly estimated hike of 12 per cent, it added.

The report also added that growth sectors include the banking and financial services industry, property and construction, and manufacturing.

It further added that senior-level professionals with computer science backgrounds would be in an excellent position to negotiate for some of the highest paying jobs in India due to the growth of e-commerce and other sectors undergoing digital transformation.