India Inc to offer double-digit salary hike this year: TimesJobs survey

Corporate India is expected to roll double-digit salary hike this appraisal season and the average appraisals in 2020 will be higher than the annual increment of 2019, says a survey.

According to the findings of a new TimesJobs survey, salaries across different sectors would witness an increment of up to 30 per cent.

The TimesJobs survey titled Decoding Appraisal Trends for 2020' that recorded responses of 1,296 hiring managers from different industry verticals noted that a majority (80 per cent) of the hiring managers claimed that the average appraisals in 2020 will be higher than the annual increment of 2019.

Around 41 per cent of HR managers feel that location-wise, the IT capital of the country Bengaluru, would lead the appraisal front this year. While professionals from Delhi-NCR and Mumbai would bag the second and third highest appraisals this year.

The survey further noted that most HR professionals believe that the IT sector would outshine all the other sectors this appraisal .