There will be an increase in the salary of employees
In the second wave of Coronavirus in the country, there remains tension regarding lockdown and job among the people. In such a situation, a survey of staffing company Genius Consultants has revealed the relief of jobseekers.
1200 companies included in the survey
In the survey of Genius Consultants, 1200 companies from all over the country were included. Out of which more than half the company is in favor of increasing the salary of its employees. 59% of the companies said that they are in the mood to increase the salary of the employees.
20 percent company said thisIn this survey, 20 percent of the company says that they will increase the salary but it is less than 5%. While 21% companies will not increase 2021 salary.
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Fresher will also get a chance
43 percent of companies say they want to give freshers a chance. At the same time, 41 percent of the companies have plans to hire replacement employees.
These companies were included in the survey
Genius Consultants participated in this survey including companies like HR, IT, ITES, BPO, Banking & Finance, Construction & Engineering, Education, Logistic Hospitality, Media, Pharma, Medical, Power & Energy, Real Estate.
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Companies increased budget
Companies have increased their budget for salary increases due to faster than expected improvement in economic activity, increase in consumer confidence and better margins. According to the results, 20 percent of the companies have planned to increase the salary in double digits this year, while in 2020 this figure was only 12 percent.