![]() ![]() With compensation budgets lower than previous years, companies are likely to prioritise allocation towards protecting critical and high skilled talent. ![]() this implies that for each ~ INR 1 allocated to an average performer, INR 2.35 is allocated to a top performer and INR 1.25 is allocated to an above average performer.Ĭommenting on the findings, Rajul Mathur, Consulting Head – Talent & Rewards, Willis Towers Watson India said, “As companies in India respond to the economic implications of the COVID-19 crisis, there is an increased optimism on business recovery, but it is yet to translate into the salary increment budget. On average, 20.6% of the salary increase budget is being allocated to top performers, which represent 10.3% of the employees in India. The study shows that only 10% of the organisations in India plan to add new headcount compared to 14% last quarter. Of the surveyed companies in India, 37% have projected a positive business revenue outlook for the next 12 months, up from 18% in Q3 2020.ĭespite a comparatively optimistic projected business outlook, recruitment is yet to pick up. ![]() Close Economic outlook and hiring trends in India ![]()
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