The lower salary increment, as compared to the preceding year, is in line with the higher margin pressure on companies, economic headwinds, and the need to gradually slow white-collar pay growth in India to become more globally competitive, Deloitte India said. New Delhi: Companies operating in India are likely to give an average salary hike of 7.8 per cent to their employees for the financial year 2020-21, according to a survey by Deloitte India. The survey also found that at an all-India level, voluntary attrition slightly reduced in the current financial year to about 15 per cent, involuntary attrition (layoffs, restructuring, etc) has increased to 20 per cent of the total attrition.
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