This Article Is From #TOI : IT professionals may get double-digit hike this year TNN | Jul 24, 2014. CHENNAI: 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% 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. Indias $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% as against 13.2% last year. Industry average hikes will be slightly higher than last year, Sangeeta Gupta, VP research at Nasscom, said on the sidelines of an HR summit in Chennai. She said effective middle managers will get the best rewards through increased variable pay and incentives.
Posted on: Thu, 24 Jul 2014 07:04:54 +0000
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