News: IT professionals may get double-digit hike this year

Compensation & Benefits

IT professionals may get double-digit hike this year

Riding on the back of better operational performance, tech companies are likely to dole out higher wage increases for employees in the current year. After an average 8-10 per cent hikes last year, the IT staff can expect a double-digit increase in emoluments this year, industry body Nasscom said on Wednesday.

Riding on the back of better operational performance, tech companies are likely to dole out higher wage increases for employees in the current year. After an average 8-10 per cent hikes last year, the IT staff can expect a double-digit increase in emoluments this year, industry body Nasscom said on Wednesday.

The assessment, based on an internal survey of Nasscom members, indicates that attrition levels and lateral hiring will also increase. India's $118 billion infotech industry — the largest private sector employer in the country with more than 3.1 million on rolls — is projected to grow 13-15 per cent as against 13.2 per cent last year.

Read the Economic Times news report here.

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Topics: Compensation & Benefits, #National, #TotalRewards, #Trends

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