An excerpt from the report read, “Salary hikes for Entry-level professionals (0-3 years' experience) reflected an interesting trend, with 62 per cent claiming that they did not receive any appraisal this year. 10 per cent of them received a 5-10 per cent hike, while 9 per cent secured a 0-5 per cent salary raise.”
Salary hikes are around the corner. The average increment across Indian companies is estimated to fall from 9.4 per cent in 2022 to 9.1 per cent in 2023, according to a study by audit and consulting firm Deloitte. The study suggests that the IT sector, which is facing spending cuts by clients, will be seeing the worst hikes in a decade. aaa