9-10% hikes may not help beat inflation
- Companies are, however, striving to offer tax-saving benefits to employees
At a time of rising costs, will a 9-10% salary hike help much? Perhaps not, cautioned consultants working on compensation across sectors. However, companies are striving to offer tax-saving benefits and reimbursements to help increase cash-in-hand for employees and help them make the best of increased salary packages.