Modest salary hikes in store for IT employees

The performance appraisal cycle for FY25 is set to bring modest salary increments for IT employees, with an average hike of around 5% for the bulk of the workforce. However, professionals with expertise in high-demand areas such as artificial intelligence (AI), machine learning (ML), big data, and blockchain are expected to receive significantly higher salary increases in the range of 10-12%, according to staffing experts.