Business Standard

From double-digit hikes to promotions, India's IT talent takes the cake

The salary increases are not restricted to the Indian IT industry. Globally too, tech talent is being rewarded as never before

IT firms

Shivani Shinde Mumbai
Employee costs for Indian IT services players have touched an all-time high as salaries soar in their effort to retain talent.

Engineer salaries are going through the roof. According to a news report, Infosys, which reported a 27.7 per cent attrition rate for the fourth quarter of FY22, plans to have an average salary hike of 12-13 per cent. High potential employees will get increases of 22-23 per cent.

Though Infosys did not comment on the report, the average salary hike will classify as the highest among the top IT companies.

As for India’s largest IT services player, Tata Consultancy Services (TCS) announced

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First Published: May 18 2022 | 6:12 AM IST

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