Recent trends in salary hikes within Indian IT companies

While the overall average increment is lower than last year’s, increment projection for 2024 is higher than the pre-Covid levels across all sectors, except IT and business process outsourcing (BPO)/knowledge process outsourcing (KPO).

• Infosys to issue salary increment letters by February end, with hikes of 5-8% effective April 2025.
• Promotions have started in batches since December, aligning with expected rise in IT budgets.
• Layoffs of 700 freshers from Mysuru c...

Infosys will roll out 6-8% salary hikes in 2025: Is the IT sector starting to look up? https://www.fortuneindia.com/enterprise/infosys-will-roll-out-6-8-salary-hikes-in-2025-is-the-it-sector-starting-to-look-up/120028

• Indian IT CEOs saw a 160% salary surge in the last five years, while fresher salaries rose only 4%.
• Widening pay gap: CEOs earned up to 1,702 times more than freshers at top firms like Wipro and Tech Mahindra.
• Experts criticize t...