Will your paycheck survive the inflation or will it remain as outdated as your old nokia phone? With inflation in India touching 5.49% in 2024, employees are wondering if salary structures will get an upgrade or a downgrade.
Rising inflation is affecting everything from your daily coffee to housing costs but will the paychecks catch up with these expenses? Don't panic, hear out what the insights conclude :-
1] One in three organisations plan to provide double-digit increments in 2024.
2] Junior management employees are likely to get more benefitted.
3] One of every two companies could pay at-target or above-target performance bonuses in 2024.
The fact is, employers will most probably just shuffle the salary structures rather than raising the base, offering employees fancier perks but no real money!!
Choose AideWiser to keep your hiring cost in check, kicking out the inflation headache!
Is your salary able to catch up with the inflation? Let us know in the comments!