The larger players have announced wage hikes ranging between 6% and 10% for this fiscal.
"Current
environment is challenging and companies are looking at preserving
their bottomline. Despite that, keeping employees' interest in mind,
organizations have given hikes ranging 8-12%, which is a good
development."
"In general, we can expect 7-12%
hikes for employees working with mid-tier IT companies," Randstad India
president (staffing) and director (marketing) Aditya Narayan Mishra
told. He added that as the demand for IT services increases in the
coming quarters, one can expect above-average hikes.
Last
week, Infosys said its employees in India will get on an average 8%
increase, while Wipro said it has raised salaries by 6-8%. Onsite
employees have seen salaries going up by 2-3%. India's largest software
services exporter Tata Consultancy Services (TCS) has increased wages by
8-10% in India and 2-4% for overseas workforce. HCL Technologies has
started its appraisal process and is expected to make an announcement by
July-end. Most Indian IT firms give increments around April or May.
"IT
sector has been fairly conservative in terms of pay hike. We recently
did a survey,we asked some of our customers on increments this year and
almost 46-47% of the respondents said they are looking at wage hikes
between 6-15%," HeadHonchos.com CEO Uday Sodhi said.
IT
firms are also looking at the global economic scenario, which still has
not been very promising and it plays an important role in determining
the hike percentage, he added.
No comments:
Post a Comment