Business Desk: Economic condition has worsened worldwide due to corona virus. Many sectors were laid off, many employees’ salaries were cut. The end of the epidemic is also not far-fetched. In such a situation, a disappointing report has come out for the jobbers. According to the report, the chances of increment this year are slim. According to the Primer Report -2020 on TeamLease’s jobs and salaries, very few companies are making plans for increments this year. However, this increment will be extremely modest.
According to the ‘increment’ report only in these sectors , some companies are willing to increase the salary of their special skill employees by 15% so that such employees do not go anywhere else. Companies want to keep them with them but the salary of most employees will not be increased this year. However, in industries like e-commerce, startup sector, FMCG, BPO, IT and health services, there is a possibility of salary increase.
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Preparations for layoffs are taking place in these sectors, there is
a possibility of heavy layoffs in the loss making airline industry. The automobile industry has been experiencing recession for the last one year. There is a possibility of retrenchment of employees in the loss making industry. There is a possibility of fall in the salary of tour operators in the tourism and hospitality sector. The restaurant industry is also in the process of retrenchment.
