Salary Hike: HR News, Trends & Workplace Insights

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

Updated on: Mar 2024

Compensation

Average India increment is expected to be . in , Deloitte

Mar 16, 2024

Tips for Negotiating Your Salary at the Job Offer

Many individuals find themselves in a challenging position when it comes to salary negotiations. The...

Compensation

Feb 23, 2024

Tips for Negotiating Your Salary at the Job Offer

Google offered x hike to retain the employees

According to BT report, American multinational technology company, Google recently offered x ...

Industry

Feb 19, 2024

Google offered x hike to retain the employees

Infosys continues to defer the roll-out hikes in January

The IT major, Infosys had earlier deferred the salary hikes of their employees and it was expected t...

Compensation

Dec 26, 2023

Infosys continues to defer the roll-out hikes in January

Survey & Report

Companies in India anticipate salaries to increase by 9.8% in 2024

According to the reports of WTW’s latest Salary Budget Planning, It is expected that the median salary increase in India is forecasted to rise by 9.8% in 2024 which is close to the actual salary increase of 10% in 2023. It is expected that the 2024 salary increase for Vietnam is projected at 8%, followed […]

Dec 8, 2023

Compensation

Salary hike trends for 2024 when IT giants are deferring pay raises

According to WTW’s latest Salary Budget Planning Report, the median salary hike in India is forecasted to rise by 9.8% in 2024, close to the actual salary increase of 10% in 2023. The report looks at a range of job grades across various industry sectors summarizes the findings of WTW’s annual survey on salary movement […]

Nov 20, 2023

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

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

Compensation

Wipro to roll out merit salary increases, effective by December 1

An Indian multinational corporation that provides information technology, Wipro to roll out merit salary increases, effective by December 1. As per the reports of The Economic Times an email to employees from Chief Human Resources Officer Saurabh Govil said, “Despite the current challenging and uncertain global market conditions, we are pleased to announce that our […]

Oct 11, 2023

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

Compensation

Wipro to roll out salary hikes in October quarter

An Indian multinational corporation, Wipro to roll out salary hikes in the October-December quarter, an average increase is expected at 6%-8%. According to Times of India, it is expected that the top performers at the organization will receive a salary hike in double-digit. Earlier, Wipro had postponed the salary hike of its employees to the […]

Sep 29, 2023

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

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

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

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

Compensation

Wipro will not be hiring with 30% Hike; defers salary hikes to Q3

An Indian multinational corporation providing information technology, consultant, and business process services, Wipro CHRO said that there will be no more hiring with 30% hike. Due to the current market situation of economic slowdown and lower hiring environment, the company’s Chief Human Resources Officer Saurabh Govil said that IT professionals should focus on upskilling. Wipro […]

Aug 21, 2023