Salary hike budgets: Most firms keeping them unchanged amid pandemic: Survey
However, if the COVID-19 situation persists, around 22 per cent of the organisations may defer, freeze or suspend incentive payouts to support their overall finances. While 50 per cent organisations across industries are keeping their salary increment budgets unchanged, around 36 per cent organisations have opted for decreasing the salary increment budgets, it said.
With the unprecedented situation arising out of COVID-19 pandemic, companies across the world have re-evaluated their HR practices, Photo: Reuters