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Salary Hike 2023: HR News, Trends & Workplace Insights

Latest Salary Hike 2023 HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Salary Hike 2023.

Updated on: Dec 2023
Infosys continues to defer the roll-out hikes in January
Compensation

Infosys continues to defer the roll-out hikes in January

Dec 26, 2023

Infosys hands out salary hike letters, average pay hike below

According to ET report, an Indian multinational information technology company, Infosys handed over ...

Compensation
Dec 16, 2023
Infosys hands out salary hike letters, average pay hike below

Companies in India anticipate salaries to increase by . in

According to the reports of WTWs latest Salary Budget Planning, It is expected that the median sala...

Survey & Report
Dec 8, 2023
Companies in India anticipate salaries to increase by . in

Salary hike trends for when IT giants are deferring pay raises

According to WTWs latest Salary Budget Planning Report, the median salary hike in India is forecast...

Compensation
Nov 20, 2023
Salary hike trends for when IT giants are deferring pay raises
Infosys to skip campus hiring, announced salary hike from Nov. 1
Compensation

Infosys to skip campus hiring, announced salary hike from Nov. 1

An Indian multinational information technology company, Infosys to roll out wage hikes for employees from November 1. The company will skip campus hiring this year as it has a ‘way to go’ on utilization. However, it is monitoring the situation every quarter. Infosys Nilanjan Roy, Chief Financial Officer (CFO) said, “Wage hikes are announced and will […]

Oct 13, 2023
Accenture will not hike salaries for Indian employees
Compensation

Accenture will not hike salaries for Indian employees

An Irish-American professional services company, Accenture will not hike salaries for Indian and Sri Lankan employees for fiscal year 2023. Accenture is also postponing promotions across senior management until June 2024. The company experienced a macro environment which was more challenging than anticipated at the beginning of FY23. As reported by the Economic Times, In an […]

Oct 13, 2023
Swiggy Mumbai delivery team on indefinite strike, seeks pay hike
Compensation

Swiggy Mumbai delivery team on indefinite strike, seeks pay hike

An Indian online food ordering and delivery platform, Swiggy delivery team is on indefinite strike as they are seeking pay hike. The strike was started on October 8 and has since then affected the services of Swiggy in the Mumbai region. Meanwhile, Zomato’s services haven’t been impacted yet by the strike. One User said, “If you’ve been […]

Oct 10, 2023
IT Pay hikes 2023: Infosys, Wipro & other IT companies
Compensation

IT Pay hikes 2023: Infosys, Wipro & other IT companies

The employees who are working with IT companies are experiencing a mixed bag of salary increments. Most IT services-providing companies have announced Nil/less salary increments or deferred salary hikes due to economic uncertainties. Among the top IT companies in India, only TCS has rolled the salary increment for its employees of 12-15 percent. Here is […]

Sep 9, 2023
Most IT firms give Nil/less increments or deferred salary hikes
Compensation

Most IT firms give Nil/less increments or deferred salary hikes

Most IT services-providing companies have announced Nil/less salary increments or deferred salary hikes due to economic uncertainties. Also, Major tech companies are delaying the salary hike for employees exponentially. The move of salary delay is part of a larger trend of tech companies as investors become increasingly fearful of a recession. Moreover, Tech companies are […]

Sep 4, 2023
LTIMindtree rolled out very poor increments, 0-2% hike after delay
Compensation

LTIMindtree rolled out very poor increments, 0-2% hike after delay

An Indian multinational information technology services and consulting company, LTIMindtree rolled out very poor increments for its employees, many have received a 0-2% hike even after months of delay. Major tech companies are delaying the salary hike for employees exponentially due to economic uncertainties. The move of salary delay is part of a larger trend of […]

Sep 1, 2023
Tetley announces 7% salary increase for employees 
Compensation

Tetley announces 7% salary increase for employees 

The 2nd largest tea brand globally, Tetley will be increasing the salary of employees by 7% salary. The raise will be effective from 1 April 2023. This will benefit roughly 200 employees working for Tata Consumer Products, the manufacturer of Tetley goods for Canada and the UK. Other Companies Salary Increase / Announcements Tech Mahindra […]

Aug 24, 2023
Indian employees likely to get 15-30% salary hike in 2023, Report
Survey & Report

Indian employees likely to get 15-30% salary hike in 2023, Report

According to the survey by Korn Ferry, the companies in India are projected to dole out an average salary hike of 15 to 30 per cent more, in Asia’s biggest pay increase this year, as they look for key talent and niche skills, says a report. According to the survey, found that 61% of organizations […]

Jan 19, 2023