Companies giving less hike

I am a software engineer with 1 year of professional experience and about 2 years of experience counting all my freelance gigs as well as internships. I’ve identified that I’m good at picking up new technologies easily. I’m also very detail oriented and tend to find the moat optimal solutions even though my current position only expects me to follow the PRD provided by my tech lead. I find that most of the times, I have had to raise my concerns to my seniors for a change of an approach with me being correct almost all the time by the end of the discussion. Now I feel confused, that maybe I was being underestimated and therefore underpaid by my employer. Context: I switched to this company about 6 months ago with a package of 12 LPA and got a mere 5% hike to 12.65 LPA during last month with a promotion from being a technical associate -> software development engineer. During my meeting with the manager, i was told that my performance was ‘very good’ but since its been only 6 months, they are giving me a promotion to match my skills but not give me a good hike. Any thoughts?

For the first time in these many years, i have got a hike of only 7%, the reason stated is on going concerns in US market. But it is very difficult to digest the same as 2 years prior i got a hike of 26% and now only 7%. I feel being broke as giving an organisation your 5 years of handwork, 7% is nothing. Has anyone else faced this in 2023 ?

Heard the market is back roaring again for some. We are so coming back.

Folks, I wanted to make a prediction that most of us pretty much know already 2023 our salaries haven’t grown at all. Across my group of friends at work and college, the average amount of increment I heard is close to 5%

Hi, I competed my one year as a fresher in an IT company and received 15% hike for the upcoming year and this is totally based on my previous year performance. This hike is considered as good? Or I can get more? Pov - I'm working in a product based company.

What's the average annual hike at your org ? I know it depends on performance and all, but still there's gotta be range. Asking from a dev standpoint, but would like to know others as well. At my company, it's around 10-15 %(mid size company, not a startup).

I have got very less hike and my ctc is below market/company standards, so should I talk to my skip manager for raise or just switch to a new company, I’m worried about recession and layoffs. Yoe: 4

Hi guys, TCS Increment this year can Help employees to Buy Britannia Marie biscuits instead of Raja Marie. Hence I've decided to move on. I have an Offer from Accenture (Application Lead) with 40% hike and an Offer from Mindtree (Business Consultant) with 50% hike. Both are Without Variable Components. Please suggest which one to go for Thanks folks in Advance