A projected hike of 9.5% visavis a 9.3% last year. Green shoots emerging ??  What are your thoughts ??

A projected hike of 9.5% vis-a-vis a 9.3% last year. Green shoots emerging ?? 
What are your thoughts ??

Salary hikes in FY 25

Associate director

Salary hikes in FY 25- Grapevine

I joined this mid level product cum service based company 3.5 years back and got around 5 increments with average of 40% hike each time.

This year they have increased by just 5% and also they promised they won't layoff any current employees which is a good sign.

Is this expected seeing the current scenario around IT world?

Got a salary hike of 5%. Is this expected in the current layoffs going on?

Founder

Welcome to Office Gossip's Private Community

In my organisation the salary revision/promotion cycle is delayed.

What about yours?

Did you get it?

Was it enough to beat the inflation at least?

How much weightage was given to office attendance?

Share your scenes/rant in this post.

Increment/Promotion Scenes this year

Software Test- QA

Welcome to Personal Finance's Private Community

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

Appraisal Season '24: What was your last salary and what is your current salary?

Product Manager

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 ?

Decreasing increment%

Team lead

10% hike for Over Exceeding Expectation. Is it normal for this year?

Project manager

Welcome to Business Roles's Private Community

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

Need Suggestions

Consultant

Since we are seeing a lot of layoffs, a lot of companies are using this as an excuse to provide less increment this year. Interested to know what sort of increments are you’ll getting this year and how much did you get last year?

Increment this year?

Product Owner

Welcome to Software Engineers's Private Community

I got 20% raise in last cycle. Is it good for a software engineer?

Frontend Engineer

Welcome to IT Company Discussion's Private Community

Today Saw the older news "Overall, the average increment across Indian companies is estimated to fall from 9.4% in 2022 to 9.1% in 2023, according to a study by Deloitte".  No one still talking about 2024

Recent trends in salary hikes within Indian IT companies

Welcome to Indian Startups's Private Community

Just wanted to do a quick dip-stick from the people in this good community. In my network of friends' (companies), I'm starting to sense renewed optimism around business growth, funding environment and therefore jobs. I also feel there is more pessimism in larger companies versus smaller upstarts

Are you guys seeing/ sensing the same as well?

Seems the market is bouncing back

Growth Manager

Welcome to News Discussion's Private Community

While the overall average increment is lower than last year’s, increment projection for 2024 is higher than the pre-Covid levels across all sectors, except IT and business process outsourcing (BPO)/knowledge process outsourcing (KPO).

Deloitte India Talent Outlook 2024 Survey shows that while overall average increment is lower than last years, increment projection for 2024 is higher than the pre-Covid levels across all sectors, except IT and BPO/ KPO. The survey also predicts that companies are likely to offer double-digit increments to junior management employees but with a high focus on performance-based differentiation.

Average increment in India expected to slip to 9% in 2024, says Deloitte survey

Software Developer

What is your hike expectations this year?

Software Engineer

Welcome to Product Managers's Private Community

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 hike one can expect after completion of one year in an IT job?

9-10% hikes may not help beat inflation

Actuarial Associate

Almost 50% of the org got no increments
People with "exceeds" rating got single digit increments
Only promotion cases have got early to mid double digit increments
Promotions have been significantly fewer this time, max people have been told to hold off their expectations of promotions for another year

The reasons cited were economic slowdown, other companies like Microsoft, Flipkart, swiggy, Amazon doing the same and cost cutting. I think things are getting toxic and the majority of employees have been left disappointed.

Razorpay increments - sad state

While we see a 10 yoe person is getting easily 30L now compared to a dream 10L back then in 2014;Why do we see people complaining about zero or minimal hike this year?Is the goal to say a 10 yoe person should get 50L?Dollar vs INR reasons?

Just curious to understand from others and pacify my inner sense:)

Salary hikes in FY 25

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