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Coronavirus outbreak impact | Delayed and lower appraisals likely

Most experts agree that scheduled pay increases may be pushed back and re-considered upon with ‘retrospective effect'

March 20, 2020 / 06:48 PM IST

Employees across sectors may have to brace for comparatively lower increments and bonuses as businesses reel under the impact of the coronavirus outbreak.

As social immobility suspends daily work patterns, the overall approach by employers seems to be of 'wait and watch', especially in sectors such as aviation, hospitality, travel and tourism, experts told The Economic Times.

Apart from the travel and associated industries, sectors that depend heavily on imports from China and asset management companies are vulnerable, while pharmaceutical companies and professional service companies are expected to remain unaffected, the report said.

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