Good news for private employees, your salary can be increased this year

Good news for private employees, your salary can be increased this year

Good News for private employers, your salary can be increased this year 

The recent review paper of the Indian business world 2020 shows that the wages of employees are expected to rise by two figures. According to a survey, this growth will be much higher than the annual growth of 2019.

credit: third party image reference

According to most managers, the salary of middle-income employees is expected to increase by 20 to 30% on average. According to a recent research done by the Times Job, a salary increases of up to 30% is expected in different sectors of the industry. About 1296 company employers were interviewed for this survey for 2020. At the same time their feedback was taken in this regard. 

credit: third party image reference

According to the companies, the salary increase will be much higher than last year 2019. About 41% of HR managers surveyed also said that Bangalore, the country's information technology capital, will be at the forefront of pay hikes this year. Thereafter, corporations in Delhi and later Mumbai will get the highest payroll benefits. The highest pay increase will be in the IT sector. Secondly there will be a rise in pay in the media and entertainment and then in the health sector. Against this, the pay rise in the areas like banking, finance, insurance, BPO, automobiles will be the weakest.

credit: third party image reference

All companies want to retain talented employees. According to the president of the Times Job, competition has grown over the past few years for various reasons. For this reason, they want to retain talented employees so that they want to keep them happy by providing attractive pay This way your salary can increase. As per the opinion of 68% HR of this survey, the salary of the middle-paid employees is expected to increase by 20 to 30% while the salary of top corporate is also expected to increase by as much as 40% to 44%.