SIRC 26
Indian
Organisations in India project 9.4 pc salary increase in 2022: Aon survey
”This is a strong indication of financial health and buoyancy in the economy. There is a clear uptick, from 6.1 salary increase in 2020, we have gone up to 8.8 per cent actual in 2021 and the projected salary increase for 2022 is 9.4 per cent, which is at par with the pandemic number that we had seen in 2018 and 2019,” said Roopank Chaudhary, a partner in Aon’s human capital business.
The survey further noted that the pandemic has accelerated the digital journey for organisations and this has led to an unprecedented war for digital talent in the short term and is driving up salary increase budgets and attrition numbers across sectors.
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International
Coronavirus vaccine won’t be ready for a year, says US govt
The first vaccine trials were expected to begin in about two months and it would take a further three months to determine safety and efficacy which means the fastest possible time frame would still be upwards of 6-8 months before a breakthrough, Dr. Anthony S. Fauci, Director, National Institute of Allergy and Infectious Diseases, said at the White House briefing, with Trump looking on.
Virus-hit stocks shed $3 trillion; safe havens thrive
U.S. spy agencies monitor coronavirus spread, concerns about India – sources
Coronavirus could wipe out $1 trn of global GDP
Oxford Economics Ltd. reckons an international health crisis could be enough to wipe more than $1 trillion from global gross domestic product. That would be the economic price tag for a spike in workplace absenteeism, lower productivity, sliding travel, disrupted supply chains and reduced trade and investment.
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