2 weeks ago
Average raise will be in low-mid to higher single digits; top performers will get double-digit hikes
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The good news is that there will be salary hikes but it is uncertain when they will be implemented, said experts. Tata Consultancy Services (TCS), India's largest IT company, is only one in the industry to announce salary hikes this year. Infosys, HC
Shivani Shinde Mumbai
The average salary hike among India's top five (IT) firms will be in the 5-8.5 per cent range, experts have said, giving hope to employees who have endured layoffs and delayed hiring.
Employees may expect hikes of low-mid to higher single digits, they said. “We have been hearing that the average hikes among the top-tier firms will be around 7-8 per cent. Of course, the top performers will continue to see double-digit hikes ranging from 12-18 per cent,” said Neeti Sharma, chief executive officer (CEO) of TeamLease Digital.
Even a moderate salary hike reflects the demand scenario
