The increase in the wages of employees will reach the pre-pandemic level amid the recovery of the economy and the boom in business activities. This year 8.13 percent salary increase is expected. There may be a limited increase in the annual salary of employees of almost all sectors in 2022 as compared to the last two years.
TeamLease said in a report released on the review of 17 sectors, salaries in 14 sectors will increase by less than 10 percent. E-commerce, technology startups, health and IT sectors are expected to see the highest salary growth of over 10 per cent. Depending on the geographical location, Ahmedabad, Bangalore, Delhi, Chennai, Hyderabad, Mumbai and Pune can see the highest salary increase.
Salary hikes in these cities are likely to be 12 per cent and above. This TeamLease report is based on the study of salaries paid to over 2.63 lakh employees across 17 regions and 9 cities.