Indian employees could see the lowest salary increase in a decade, with a 9.1 percent hike in 2020. As per the Aon Salary Increase Survey 2020, the salary hike in 2020 is among the lowest figure since 2009 (at 6.6 percent).
On a year-on-year (YoY) basis, the projected hike is down 20 basis points from 9.3 percent in 2019. The survey, however, said that India topped the list among the Asia Pacific region.
This study analysed data across 1,000 plus companies from more than 20 industries. It said that despite the dip in the projections, two out of five participating companies in the survey were projecting a double-digit increase, expecting a positive economic outlook.