92% companies to give salary hikes; increments to jump to 7.3% from 4.4% in 2020: Survey

Of the companies that did not give an increment in 2020, only about 30% plan to compensate employees for the previous year through higher increments and/or bonuses.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/personal-finance-news/92-companies-to-give-salary-hikes-increments-to-jump-to-7-3-from-4-4-in-2020-survey/articleshow/81084385.cms