Working in IT sector? Infosys, Wipro & TCS’ average salary hikes are much less than you think

Employees of India’s top three IT companies with only generic skills are seeing salary hikes fall to single-digit percentages of 5-9% in the financial year 2023-24 after a two-year period of double-digit growth, the Times of India reported, adding that this is due to clients of the companies reducing their spending due to economic challenges.

What percentage of salary hikes do India’s top IT companies give?
Infosys, which is known for having the highest annual increments among its peers saw its average increments drop to 9% compared to 9.9% in the previous year and 14.6% during the year before that, according to the report.